Inventories

9 Months Ended

Apr. 30, 2022

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

The composition of inventories is as follows (in thousands):

	April 30, 2022		July 31, 2021
Finished goods	$	18,084	$	14,179
Packaging	9,043		5,084
Other	7,824		4,335
Total Inventories	$	34,951	$	23,598

Inventories are valued at the lower of cost (first-in, first-out) or net realizable value. Inventory costs include the cost of raw materials, packaging supplies, labor and other overhead costs. The inventory obsolescence reserve values at April 30, 2022 and

July 31, 2021 were $610,000 and $641,000, respectively. Inventories, in all categories, have increased due to a combination of rising costs and building inventory levels for anticipated demand.