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INVENTORIES | 12 Months Ended
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Jul. 31, 2022
Inventory Disclosure [Abstract] |
INVENTORIES | INVENTORIES Major classifications of inventories are as follows:
|  | July 31, 2022 |  | July 31, 2021
Finished goods—RV |  | $ | 236,311 |  |  | $ | 114,843 |
Finished goods—other |  | 126,570 |  |  | 57,810 |
Work in process |  | 397,495 |  |  | 376,594 |
Raw materials |  | 838,474 |  |  | 602,106 |
Chassis |  | 293,375 |  |  | 292,921 |
Subtotal |  | 1,892,225 |  |  | 1,444,274 |
Excess of FIFO costs over LIFO costs |  | (137,452) |  |  | (74,890) |
Total inventories, net |  | $ | 1,754,773 |  |  | $ | 1,369,384 |
Of the $1,892,225 and $1,444,274 of inventories at July 31, 2022 and July 31, 2021, $1,170,554 and $946,767, respectively, was valued on the first-in, first-out (“FIFO”) method, and $721,671 and $497,507, respectively, was valued on the last-in, first-out (“LIFO”) basis.

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- References No definition available. + Details
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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI https://asc.fasb.org/topic&trid=2126998 + Details
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