XML 105 R15.htm IDEA: XBRL DOCUMENT

INVENTORIES

12 Months Ended

Feb. 28, 2014

NOTE 7 – INVENTORIES


	February 28, 2014		February 28, 2013
Raw materials	$	20,915	$	21,303
Work in process		8,093		6,683
Finished products		287,481		278,573

		316,489		306,559
Less LIFO reserve		82,140		84,166

		234,349		222,393
Display material and factory supplies		20,412		20,054

	$	254,761	$	242,447

There were no material LIFO liquidations in 2014 and 2013. Inventory held on location for retailers with SBT arrangements, which is included in finished products, totaled approximately $67,000 and $60,000 as of February 28, 2014 and 2013, 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.

+ References+ Details