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INVENTORIES
3 Months Ended
Jan. 28, 2024
INVENTORIES  
INVENTORIES

(10)  Inventories

A majority of inventories owned by us are valued at cost on the “last-in, first-out” (LIFO) basis. If all inventories had been valued on a “first-in, first-out” (FIFO) basis, the estimated inventories by major classification would have been as follows:

  

January 28 

    

October 29

    

January 29

 

2024

2023

2023

 

Raw materials and supplies

 

$

4,117

$

4,080

$

4,975

Work-in-process

1,223

 

1,010

 

1,478

Finished goods and parts

6,146

 

5,435

 

6,347

Total FIFO value

11,486

 

10,525

 

12,800

Excess of FIFO over LIFO

2,549

 

2,365

 

2,744

Inventories

 

$

8,937

$

8,160

$

10,056