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Inventories

6 Months Ended

Jan. 31, 2014

6.	Inventories

Major classifications of inventories are:


	January 31, 2014		July 31, 2013
Raw materials	$	114,780	$	99,154
Chassis		42,532		34,108
Work in process		50,936		36,188
Finished goods		40,440		9,888

Total		248,688		179,338
Excess of FIFO costs over LIFO costs		(26,752)		(26,302)

Total inventories	$	221,936	$	153,036

Of the $248,688 and $179,338 of inventory at January 31, 2014 and July 31, 2013, all but $27,102 and $15,335, respectively, at certain subsidiaries were valued on a last-in, first-out basis. The $27,102 and $15,335 of inventory were valued on a first-in, first-out method.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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