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MERCHANDISE INVENTORIES | 9 Months Ended
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Apr. 30, 2022
Inventory Disclosure [Abstract] |
MERCHANDISE INVENTORIES | MERCHANDISE INVENTORIES At both April 30, 2022 and July 31, 2021, approximately 62% of merchandise inventories are valued by the LIFO method while the balance is valued by FIFO. If the FIFO method had been used for the entire inventory, inventories would have been $16,783 and $15,321 higher than reported at April 30, 2022 and July 31, 2021, respectively.

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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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