Note 4 - Inventories

3 Months Ended

May 30, 2021

Notes to Financial Statements

Inventory Disclosure [Text Block]

4. INVENTORIES

Inventories are stated at the lower of cost (

first

-in,

first

-out method) or net realizable value. The Company writes down its inventory for estimated obsolescence or unmarketability based upon the age of the inventory and assumptions about future demand for the Company's products and market conditions. Work-in-process and finished goods inventories cost valuations include direct material costs as well as a portion of the Company's overhead expenses.  The Company's overhead expenses that are applied to its finished goods inventories are based on actual expenses related to the procurement, storage, shipment and production of the finished goods. Inventories consisted of the following:

	May 30,		February 28,
	2021		2021
Inventories:
Raw materials	$	3,624	$	3,490
Work-in-process		370		147
Finished goods		949		1,157
	$	4,943	$	4,794