Note 9 – Inventories


(In thousands)	August 29, 2014		February 28, 2014		August 30, 2013
Raw materials	$	15,304	$	20,915	$	28,080
Work in process		11,892		8,093		12,021
Finished products		359,219		287,481		317,762

		386,415		316,489		357,863
Less LIFO reserve		83,493		82,140		84,639

		302,922		234,349		273,224
Display materials and factory supplies		9,378		20,412		18,934

	$	312,300	$	254,761	$	292,158

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 $70.8 million, $66.8 million and $63.9 million as of August 29, 2014, February 28, 2014 and August 30, 2013, respectively.