Note 8 – Inventories


(In thousands)	May 30, 2014		February 28, 2014		May 31, 2013
Raw materials	$	27,109	$	20,915	$	25,187
Work in process		12,774		8,093		12,843
Finished products		284,415		287,481		265,262

		324,298		316,489		303,292
Less LIFO reserve		82,746		82,140		84,252

		241,552		234,349		219,040
Display materials and factory supplies		18,285		20,412		18,784

	$	259,837	$	254,761	$	237,824

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 $76.2 million, $66.8 million and $68.6 million as of May 30, 2014, February 28, 2014 and May 31, 2013, respectively.