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Inventories
12 Months Ended
Jun. 30, 2019
Inventory Disclosure [Abstract]  
Inventories

7.  Inventories

Inventories consists of the following:

 

 

 

June 30, 2019

 

 

June 24, 2018

 

Raw materials

 

$

55,531

 

 

$

45,448

 

Supplies

 

 

9,020

 

 

 

7,314

 

Work in process

 

 

8,510

 

 

 

8,834

 

Finished goods

 

 

63,111

 

 

 

66,314

 

Gross inventories

 

 

136,172

 

 

 

127,910

 

Inventory reserves

 

 

(2,391

)

 

 

(1,599

)

Total inventories

 

$

133,781

 

 

$

126,311

 

 

The cost for the majority of UNIFI’s inventories is determined using the first-in, first-out method.  Certain foreign inventories and limited categories of supplies of $45,122 and $39,870 as of June 30, 2019 and June 24, 2018, respectively, were valued under the average cost method.

 

In connection with UNIFI’s utilization of the modified retrospective method of adopting the new revenue recognition guidance, prior period balances were not adjusted to reflect the impact that the new revenue recognition guidance would have had on prior periods. See Note 5, “Revenue Recognition,” for further detail regarding the impact of the new revenue recognition guidance to fiscal 2019.