3. INVENTORIES

Inventories consisted of the following (amounts in thousands):

	December 28, 2013		December 29, 2012
Finished goods	$	6,958	$	7,034
Work in process	985		1,167
Raw materials and supplies	8,269		7,646
	$	16,212	$	15,847

If inventories valued on the LIFO basis were valued at current costs, inventories would be higher by $6,328,000 and $6,290,000 at December 28, 2013 and December 29, 2012, respectively.

Reductions in inventory quantities during 2013 at two locations resulted in the liquidation of LIFO inventory layers carried at costs lower than the costs of current purchases. The effect was to decrease cost of sales by approximately $16,000 for the fiscal 2013 year. Reductions in inventory quantities during 2012 at one location resulted in the liquidation of LIFO inventory layers carried at costs lower than the costs of current purchases. The effect was to decrease the cost of sales by approximately $63,000 for the fiscal 2012 year.