Note 4 - Inventories

3 Months Ended

May 28, 2023

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 28,		February 26,
	2023		2023
Inventories:
Raw materials	$	6,533	$	5,376
Work-in-process		455		536
Finished goods		923		856
	$	7,911	$	6,768