Inventories

9 Months Ended

Apr. 30, 2021

Inventory Disclosure [Abstract]

Inventories

Inventories

Major classifications of inventories are as follows:

	April 30, 2021		July 31, 2020
Finished goods – RV	$	129,030	$	152,297
Finished goods – other	59,369		44,779
Work in process	370,402		128,181
Raw materials	534,965		302,813
Chassis	445,697		135,194
Subtotal	1,539,463		763,264
Excess of FIFO costs over LIFO costs	(55,409)		(46,959)
Total inventories, net	$	1,484,054	$	716,305

Of the $1,539,463 and $763,264 of inventories at April 30, 2021 and July 31, 2020, $527,670 and $251,099, respectively, were valued on the last-in, first-out (LIFO) method, and $1,011,793 and $512,165, respectively, were valued on the first-in, first-out (FIFO) method.