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Inventories

9 Months Ended

May 31, 2011

Note 2. Inventories

The components of inventories consist of the following (in thousands):


	May 31,		August 31,
	2011		2010
Raw materials	$	1,577,751	$	1,509,886
Work in process		402,572		390,069
Finished goods		277,661		194,180

Total inventories	$	2,257,984	$	2,094,135

- 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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