Inventories

9 Months Ended

Feb. 28, 2021

Inventories

Inventories

Note 8 – Inventories

The summary of inventories is as follows:

	February 28,		May 31,
	2021		2020
Aircraft and engine parts, components and finished goods	$	494.0	$	556.6
Raw materials and parts		49.7		45.9
Work-in-process		20.5		20.6
	$	564.2	$	623.1

During the three-month period ended November 30, 2020, we decided to exit a product line in our engineering operations and recognized a $1.2 million charge to reserve against the remaining inventory.