Note 4 - Inventories

9 Months Ended

Feb. 29, 2012

4. INVENTORIES

Inventories are valued on a first-in-first-out (FIFO) basis. Inventories consisted of the following:

	February 29,		May 31,
	2012		2011
Cheese Inventory	$	125,233	$	152,185
Shipping/Packing Material Inventory		221,122		188,183
Accessories & Books Inventory		71,724		31,421
Beverage		2,099		2,327
	$	420,178	$	374,116

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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