INVENTORIES

12 Months Ended

Jul. 31, 2022

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Major classifications of inventories are as follows:

 

	July 31, 2022		July 31, 2021
Finished goods—RV	$	236,311	$	114,843
Finished goods—other	126,570		57,810
Work in process	397,495		376,594
Raw materials	838,474		602,106
Chassis	293,375		292,921
Subtotal	1,892,225		1,444,274
Excess of FIFO costs over LIFO costs	(137,452)		(74,890)
Total inventories, net	$	1,754,773	$	1,369,384

Of the $1,892,225 and $1,444,274 of inventories at July 31, 2022 and July 31, 2021, $1,170,554 and $946,767, respectively, was valued on the first-in, first-out (“FIFO”) method, and $721,671 and $497,507, respectively, was valued on the last-in, first-out (“LIFO”) basis.