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Inventories

12 Months Ended

Dec. 29, 2012

NOTE B - INVENTORIES

The Company’s inventories are valued at the lower of cost or market. Cost is determined using the FIFO method. The components of inventory are as follows:


		YEARS ENDED
(THOUSANDS OF DOLLARS)	DECEMBER 29, 2012		DECEMBER 31, 2011
Finished goods	$	26,182	$	23,538
Work in process		3,512		3,967
Raw materials		8,326		8,977
	$	38,020	$	36,482

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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