Inventories

6 Months Ended

Jan. 31, 2021

Inventory Disclosure [Abstract]

Inventories

Inventories

Major classifications of inventories are as follows:

	January 31, 2021		July 31, 2020
Finished goods – RV	$	141,961	$	152,297
Finished goods – other	54,424		44,779
Work in process	285,544		128,181
Raw materials	462,044		302,813
Chassis	406,371		135,194
Subtotal	1,350,344		763,264
Excess of FIFO costs over LIFO costs	(50,159)		(46,959)
Total inventories, net	$	1,300,185	$	716,305

Of the $1,350,344 and $763,264 of inventories at January 31, 2021 and July 31, 2020, $468,153 and $251,099, respectively, were valued on the last-in, first-out (LIFO) method, and $882,191 and $512,165, respectively, were valued on the first-in, first-out (FIFO) method.