Note 9 – Inventories


(In thousands)	November 28, 2014		February 28, 2014		November 29, 2013
Raw materials	$	11,668	$	20,915	$	22,447
Work in process		6,404		8,093		8,178
Finished products		343,460		287,481		323,204

		361,532		316,489		353,829
Less LIFO reserve		84,132		82,140		85,617

		277,400		234,349		268,212
Display materials and factory supplies		8,790		20,412		23,160

	$	286,190	$	254,761	$	291,372

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 $88.5 million, $66.8 million and $82.0 million as of November 28, 2014, February 28, 2014 and November 29, 2013, respectively.