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INVENTORIES

12 Months Ended

Jul. 31, 2011

NOTE 4 – INVENTORIES

The major classes of inventory, net, are as follows:

	2011		2010
Raw materials and components	$	102,745	$	97,574
Work-in-process		96,601		76,986
Finished goods		245,496		240,486
	$	444,842	$	415,046

Certain classes of sub-assembly inventory previously classified as raw materials are now being presented as work-in-process. The impact of the change was an increase in work-in-process with a corresponding decrease in raw materials in fiscal year 2010 of $27,696.

- 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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