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INVENTORIES

12 Months Ended

Jul. 31, 2019

Major classifications of inventories are as follows:


	July 31, 2019			July 31, 2018
Finished goods—RV	$	230,483		$	44,998
Finished goods—other		60,593			35,320
Work in process		126,636			124,703
Raw materials		300,721			258,429
Chassis		155,099			116,308
Subtotal		873,532			579,758
Excess of FIFO costs over LIFO costs		(45,544	)		(41,849	)
Total inventories, net	$	827,988		$	537,909

Of the $873,532 and $579,758 of inventories at July

2019

and July

2018

, $240,983 and $305,990, respectively, was valued on the

last-in,

first-out

(“LIFO”)

basis, and $632,549 and $273,768, respectively, was valued on the

first-in,

first-out

(“FIFO”)

method. EHG accounted for $392,643 of the $358,781 increase in FIFO inventory, and for $201,532 of the $185,485 increase in Finished goods – RV.