Inventories

Inventories consist of the following:



(In thousands)	August 30, 2014			August 31, 2013
Finished goods	$	28,029		$	43,927
Work-in-process	49,919			46,257
Raw materials	66,200			52,201
Total	144,148			142,385
LIFO reserve	(31,300		)	(29,844		)
Total inventories	$	112,848		$	112,541

The above value of inventories, before reduction for the LIFO reserve, approximates replacement cost at the respective dates. Of the $144.1 million inventory at August 30, 2014, $137.7 million is valued on a LIFO basis and the Towables inventory of $6.4 million is valued on a FIFO basis. Of the $142.4 million inventory at August 31, 2013, $136.1 million is valued on a LIFO basis and the Towables inventory of $6.3 million is valued on a FIFO basis.

During Fiscal 2014 we recorded an increase to LIFO reserves of $1.5 million, based on increases in inflation. During Fiscal 2013 we recorded a decrease to LIFO reserves of $1.2 million, based on deflation partially offset by an increase in inventories.