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Inventories
3 Months Ended
Nov. 30, 2016
Inventories

Note 2 – Inventories

Inventories are valued at the lower of cost (first-in, first-out) or market. Work-in-process includes material, labor and overhead. The following table summarizes the Company’s inventory balance:

 

(In thousands)    November 30,
2016
     August 31,
2016
 

Manufacturing supplies and raw materials

   $ 242,255       $ 240,865   

Work-in-process

     78,851         68,727   

Finished goods

     83,880         59,470   

Excess and obsolete adjustment

     (2,922      (3,257
  

 

 

    

 

 

 
   $ 402,064       $ 365,805