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Inventories | 3 Months Ended
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Nov. 30, 2021
Inventory Disclosure [Abstract] |
Inventories | Note 5 – Inventories Inventories consisted of the following as of November 30, 2021, November 30, 2020, and August 31, 2021:
($ in thousands) |  | November 30, 2021 |  | November 30, 2020 |  | August 31, 2021
Raw materials and supplies |  | $78,102 |  | $52,374 |  | $69,962
Work in process |  | 12,227 |  | 8,041 |  | 8,301
Finished goods and purchased parts, net |  | 90,676 |  | 58,284 |  | 75,053
Total inventory value before LIFO adjustment |  | 181,005 |  | 118,699 |  | 153,316
Less adjustment to LIFO value |  | (7,890) |  | (4,421) |  | (8,072)
Inventories, net |  | $173,115 |  | $114,278 |  | $145,244

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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 http://asc.fasb.org/topic&trid=2126998 + Details
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