Note 10 – Inventories


(In thousands)	November 29, 2013		February 28, 2013		November 23, 2012
Raw materials	$	22,447	$	21,303	$	18,803
Work in process		8,178		6,683		7,051
Finished products		323,204		278,573		302,101

		353,829		306,559		327,955
Less LIFO reserve		85,617		84,166		82,976

		268,212		222,393		244,979
Display materials and factory supplies		23,160		20,054		19,351

	$	291,372	$	242,447	$	264,330

The valuation of inventory under the Last-In, First-Out (“LIFO”) method is made at the end of each fiscal year based on inventory levels and costs at that time. Accordingly, interim LIFO calculations, by necessity, are based on estimates of expected fiscal year-end inventory levels and costs, and are subject to final fiscal year-end LIFO inventory calculations.

Inventory held on location for retailers with scan-based trading arrangements, which is included in finished products, totaled $82.0 million, $59.7 million and $72.5 million as of November 29, 2013, February 28, 2013 and November 23, 2012, respectively.