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Inventories | 6 Months Ended
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Jan. 31, 2024
Inventory Disclosure [Abstract] |
Inventories | Inventories Major classifications of inventories are as follows:
| January 31, 2024 |  | July 31, 2023
Finished goods – RV | $ | 283,273 |  |  | $ | 164,456 |
Finished goods – other | 87,933 |  |  | 93,476 |
Work in process | 330,193 |  |  | 313,006 |
Raw materials | 494,791 |  |  | 563,614 |
Chassis | 739,682 |  |  | 681,122 |
Subtotal | 1,935,872 |  |  | 1,815,674 |
Excess of FIFO costs over LIFO costs | (159,604) |  |  | (162,604) |
Total inventories, net | $ | 1,776,268 |  |  | $ | 1,653,070 |
Of the $1,935,872 and $1,815,674 of inventories at January 31, 2024 and July 31, 2023, $1,344,893 and $1,224,069, respectively, were valued on the first-in, first-out (“FIFO”) method, and $590,979 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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