Inventories

3 Months Ended

Oct. 31, 2021

Inventory Disclosure [Abstract]

Inventories

Inventories

Major classifications of inventories are as follows:

	October 31, 2021		July 31, 2021
Finished goods – RV	$	124,858	$	114,843
Finished goods – other	93,452		57,810
Work in process	432,513		376,594
Raw materials	706,689		602,106
Chassis	392,575		292,921
Subtotal	1,750,087		1,444,274
Excess of FIFO costs over LIFO costs	(78,240)		(74,890)
Total inventories, net	$	1,671,847	$	1,369,384

Of the $1,750,087 and $1,444,274 of inventories at October 31, 2021 and July 31, 2021, $1,086,598 and $946,767, respectively, were valued on the first-in, first-out (“FIFO”) method, and $663,489 and $497,507, respectively, were valued on the last-in, first-out (“LIFO”) method.