Inventories

12 Months Ended

Aug. 31, 2022

Inventory Disclosure [Abstract]

Inventories

Note 8 - Inventories

	August 31,
($ in thousands)	2022			2021
Raw materials and supplies	$	93,469		$	69,962
Work in process		12,603			8,301
Finished goods and purchased parts		110,022			75,053
Total inventory value before LIFO adjustment		216,094			153,316
Less adjustment to LIFO value		(22,318	)		(8,072	)
Inventories, net	$	193,776		$	145,244

Of the $216.1 million and $153.3 million of inventories at August 31, 2022, and 2021, $77.8 million and $55.6 million, respectively was valued on the last-in, first-out ("LIFO") basis, and $138.3 million and $97.7 million, respectively was valued on first-in, first-out ("FIFO") or average cost methods.