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Inventory

9 Months Ended

Sep. 28, 2013

NOTE B - Inventory
The Company’s inventories are valued at the lower of cost or market. Cost is determined using the first in, first out method. The components of inventory are as follows:


(THOUSANDS OF DOLLARS)	SEPTEMBER 28,		DECEMBER 29,
	2013		2012
Finished goods	$	8,779	$	26,182
Work in process		23		3,512
Raw materials		9,098		8,326
	$	17,900	$	38,020

- 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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