Note 9 – Inventories


(In thousands)	August 26, 2016		February 29, 2016		August 28, 2015
Raw materials	$	15,277	$	13,516	$	19,861
Work in process		10,410		8,116		12,869
Finished products		336,014		277,480		337,344

		361,701		299,112		370,074
Less LIFO reserve		80,860		80,159		81,659

		280,841		218,953		288,415
Display materials and factory supplies		7,803		8,503		8,923

	$	288,644	$	227,456	$	297,338

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 $65.3 million, $63.5 million and $64.2 million as of August 26, 2016, February 29, 2016 and August 28, 2015, respectively.