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Inventories

3 Months Ended

Aug. 31, 2021

Inventories

3. INVENTORIES

Inventories are stated at the lower of cost, determined by the first-in, first-out method, or net realizable value. The components of inventories follow:​​​​​​​

(in thousands)		August 31, 2021				May 31, 2021
Raw materials		$	50,244			$	47,588
Work-in-process			6,704				6,412
Finished and purchased goods			45,161				46,701
		$	102,109			$	100,701

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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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