Inventories

Inventories consist of the following:



(In thousands)	May 30, 2015			August 30, 2014
Finished goods	$	28,379		$	28,029
Work-in-process	59,641			49,919
Raw materials	66,896			66,200
Total	154,916			144,148
LIFO reserve	(32,341		)	(31,300		)
Total inventories	$	122,575		$	112,848

The above value of inventories, before reduction for the LIFO reserve, approximates replacement cost. Of the $154.9 million and $144.1 million inventory at May 30, 2015 and August 30, 2014, respectively, $141.9 million and $137.7 million is valued on a LIFO basis. Towables inventory of $13.0 million and $6.4 million at May 30, 2015 and August 30, 2014, respectively, is valued on a FIFO basis.