Inventories

3 Months Ended

Oct. 31, 2020

Inventory Disclosure [Abstract]

Inventories

Inventories

Major classifications of inventories are as follows:

	October 31, 2020		July 31, 2020
Finished goods – RV	$	108,327	$	152,297
Finished goods – other	46,819		44,779
Work in process	209,155		128,181
Raw materials	387,516		302,813
Chassis	334,392		135,194
Subtotal	1,086,209		763,264
Excess of FIFO costs over LIFO costs	(47,959)		(46,959)
Total inventories, net	$	1,038,250	$	716,305

Of the $1,086,209 and $763,264 of inventories at October 31, 2020 and July 31, 2020, $394,184 and $251,099, respectively, were valued on the last-in, first-out (LIFO) method, and $692,025 and $512,165, respectively, were valued on the first-in, first-out (FIFO) method.