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INVENTORIES
3 Months Ended
Jan. 26, 2025
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 valued on a LIFO basis had been valued on a “first-in, first-out” (FIFO) basis, the estimated inventories by major classification would have been as follows:

  

January 26

    

October 27

    

January 28 

 

2025

2024

2024

 

Raw materials and supplies

 

$

3,549

$

3,486

$

4,117

Work-in-process

1,046

 

930

 

1,223

Finished goods and parts

6,055

 

5,364

 

6,146

Total FIFO value

10,650

 

9,780

 

11,486

Excess of FIFO over LIFO

2,906

 

2,687

 

2,549

Inventories

 

$

7,744

$

7,093

$

8,937