Note 9 – Inventories


(In thousands)	August 28, 2015		February 28, 2015		August 29, 2014
Raw materials	$	19,861	$	14,809	$	15,304
Work in process		12,869		7,578		11,892
Finished products		337,344		297,899		359,219

		370,074		320,286		386,415
Less LIFO reserve		81,659		80,755		83,493

		288,415		239,531		302,922
Display materials and factory supplies		8,923		9,046		9,378

	$	297,338	$	248,577	$	312,300

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 $64.2 million, $63.3 million and $68.0 million as of August 28, 2015, February 28, 2015 and August 29, 2014, respectively.