INVENTORIES

12 Months Ended

Jul. 31, 2021

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Major classifications of inventories are as follows:

 

	July 31, 2021		July 31, 2020
Finished goods—RV	$	114,843	$	152,297
Finished goods—other	57,810		44,779
Work in process	376,594		128,181
Raw materials	602,106		302,813
Chassis	292,921		135,194
Subtotal	1,444,274		763,264
Excess of FIFO costs over LIFO costs	(74,890)		(46,959)
Total inventories, net	$	1,369,384	$	716,305

Of the $1,444,274 and $763,264 of inventories at July 31, 2021 and July 31, 2020, $946,767 and $512,165, respectively, was valued on the first-in, first-out (“FIFO”) method, and $497,507 and $251,099, respectively, was valued on the last-in, first-out (“LIFO”) basis.