Note 2 of Notes to the condensed consolidated financial statements of Unifi, Inc. included in its
Form 10-Q for the three-month period ended
September 23, 2007 describes a change in the method of
accounting for the valuation of certain inventories from the last in, first out (LIFO) method to
the first in, first out (FIFO) method. There are no authoritative criteria for determining a
‘preferable’ method of valuing inventories based on the particular circumstances; however, we
conclude that such change in the method of accounting is to an acceptable alternative method which,
based on your business judgment to make this change and for the stated reasons, is preferable in
your circumstances. We have not conducted an audit in accordance with the standards of the Public
Company Accounting Oversight Board (United States) of any financial statements of
the Company as of
any date or for any period subsequent to
June 24, 2007, and therefore we do not express any opinion
on any financial statements of Unifi, Inc. subsequent to that date.
