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Inventories | 3 Months Ended
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Oct. 31, 2023
Inventory Disclosure [Abstract] |
Inventories | Inventories Major classifications of inventories are as follows:
| October 31, 2023 |  | July 31, 2023
Finished goods – RV | $ | 252,534 |  |  | $ | 164,456 |
Finished goods – other | 86,533 |  |  | 93,476 |
Work in process | 348,032 |  |  | 313,006 |
Raw materials | 517,116 |  |  | 563,614 |
Chassis | 672,618 |  |  | 681,122 |
Subtotal | 1,876,833 |  |  | 1,815,674 |
Excess of FIFO costs over LIFO costs | (162,604) |  |  | (162,604) |
Total inventories, net | $ | 1,714,229 |  |  | $ | 1,653,070 |
Of the $1,876,833 and $1,815,674 of inventories at October 31, 2023 and July 31, 2023, $1,267,808 and $1,224,069, respectively, were valued on the first-in, first-out (“FIFO”) method, and $609,025 and $591,605, respectively, were valued on the last-in, first-out (“LIFO”) method.

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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 -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//330/tableOfContent + Details
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