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Business, 27.09.2019 02:20 kg4385649

Inventories most inventories owned by deere & company and its u. s. equipment subsidiaries are valued at cost, on the "last-in, first-out" (lifo) basis. remaining inventories are generally valued at the lower of cost, on the "first-in, first-out" (fifo) basis, or market. the value of gross inventories on the lifo basis represented 66 percent and 65 percent of worldwide gross inventories at fifo value at october 31, 2015 and 2014, respectively. if all inventories had been valued on a fifo basis, estimated inventories by major classification at october 31 in millions of dollars would have been as follows:

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