Note 3. Inventories

12 Months Ended

Jun. 30, 2018

Inventories

Inventories were valued using the lower of first-in, first-out (“FIFO”) cost and net realizable value at June 30, 2018 and lower of FIFO cost or market value at June 30, 2017. See Note 1 – Business Description and Summary of Significant Accounting Policies for information on the adoption of new accounting guidance on simplifying the measurement of inventory. Following are inventory components at June 30:



(Amounts in Thousands)	2018		2017
Finished products	$	25,552	$	18,916
Work-in-process	17,254		15,480
Raw materials	158,790		110,210
Total inventory	$	201,596	$	144,606