Inventories - net

3 Months Ended

Oct. 01, 2011

2. Inventories — net


	October 1,		July 2,		October 2,
	2011		2011		2010
			(in thousands)
	(unaudited)		(*)		(unaudited)
Raw materials	$	32	$	184	$	399
Work-in-process		—		7		46
Finished goods		6,438		4,886		8,340

Total	$	6,470	$	5,077	$	8,785


*		Derived from the audited financial statements as of July 2, 2011.

Included in finished goods inventories is merchandise in transit of approximately $3.3 million as of October 1, 2011, $2.8 million as of July 2, 2011 and $3.5 million as of October 2, 2010.

- 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.

+ References+ Details

CHAUS BERNARD INC 10-Q/A