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Inventories

3 Months Ended

Oct. 31, 2014

6.	Inventories

Major classifications of inventories are:


	October 31, 2014		July 31, 2014
Raw materials	$	127,822	$	122,150
Chassis		41,357		45,231
Work in process		49,068		49,537
Finished goods		31,592		27,424

Total		249,839		244,342
Excess of FIFO costs over LIFO costs		(27,988)		(27,988)

Total inventories	$	221,851	$	216,354

Of the $249,839 and $244,342 of inventories at October 31, 2014 and July 31, 2014, all but $43,710 and $36,096, respectively, at certain subsidiaries were valued on a last-in, first-out basis. The $43,710 and $36,096 of inventories were valued on a first-in, first-out method.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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