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Inventories

12 Months Ended

Feb. 28, 2013

NOTE 7 – INVENTORIES


	February 28, 2013		February 29, 2012
Raw materials	$	21,303	$	17,565
Work in process		6,683		9,452
Finished products		278,573		242,767

		306,559		269,784
Less LIFO reserve		84,166		81,077

		222,393		188,707
Display material and factory supplies		20,054		20,238

	$	242,447	$	208,945

There were no material LIFO liquidations in 2013 and 2012. Inventory held on location for retailers with SBT arrangements, which is included in finished products, totaled approximately $60,000 and $52,000 as of February 28, 2013 and February 29, 2012, respectively.

- 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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