Inventories

Inventories consist of the following:



(In thousands)	May 28, 2016			August 29, 2015
Finished goods	$	17,875		$	12,179
Work-in-process	74,918			66,602
Raw materials	71,167			65,928
Total	163,960			144,709
LIFO reserve	(33,824		)	(32,544		)
Total inventories	$	130,136		$	112,165

The above value of inventories, before reduction for the LIFO reserve, approximates replacement cost at the respective dates. Of the $164.0 million and $144.7 million inventory at May 28, 2016 and August 29, 2015, respectively, $153.5 million and $136.3 million is valued on a LIFO basis; the remaining inventories of $10.4 million and $8.4 million at May 28, 2016 and August 29, 2015, respectively, are valued on a FIFO basis.