INVENTORIES

12 Months Ended

Jul. 31, 2020

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Major classifications of inventories are as follows:

	July 31, 2020		July 31, 2019
Finished goods—RV	$	152,297	$	230,483
Finished goods—other	44,779		60,593
Work in process	128,181		126,636
Raw materials	302,813		300,721
Chassis	135,194		155,099
Subtotal	763,264		873,532
Excess of FIFO costs over LIFO costs	(46,959)		(45,544)
Total inventories, net	$	716,305	$	827,988

Of the $763,264 and $873,532 of inventories at July 31, 2020 and July 31, 2019, $251,099 and $240,983, respectively, was valued on the last-in, first-out (“LIFO”) basis, and $512,165 and $632,549, respectively, was valued on the first-in, first-out (“FIFO”) method.