Inventories

Inventories consist of the following:



(In thousands)	August 26, 2017			August 27, 2016
Finished goods	$	16,947		$	19,129
Work-in-process	60,818			76,350
Raw materials	99,919			60,740
Total	177,684			156,219
LIFO reserve	(35,419		)	(33,697		)
Total inventories	$	142,265		$	122,522

The above value of inventories, before reduction for the LIFO reserve, approximates replacement cost at the respective dates. Of the $177.7 million and $156.2 million inventory at August 26, 2017 and August 27, 2016, respectively, $149.8 million and $149.4 million is valued on a LIFO basis. The remaining inventories of $27.9 million and $6.8 million at August 26, 2017 and August 27, 2016, respectively, are valued on a FIFO basis.