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Inventories
 3 Months Ended
Jan. 24, 2020
Inventory Disclosure [Abstract]  
Inventories

Note 2 – Inventories:

 

Inventories are comprised of the following at the respective period ends:

 

    (unaudited)        
    January 24, 2020     November 1, 2019  
Meat, ingredients and supplies   $ 7,237     $ 5,283  
Work in progress     1,594       1,562  
Finished goods     17,517       19,522  
    $ 26,348     $ 26,367  

 

Inventories are valued at the lower of cost (which approximates actual cost on a first-in, first-out basis) or net realizable value. Inventories include the cost of raw materials, labor and manufacturing overhead. We regularly review inventory quantities on hand and write down any excess or obsolete inventories to net realizable value. An inventory reserve is created when potentially slow-moving or obsolete inventories are identified in order to reflect the appropriate inventory value. Changes in economic conditions, production requirements, and lower than expected customer demand could result in additional obsolete or slow-moving inventory that cannot be sold or must be sold at reduced prices and could result in additional reserve provisions.