Inventories



(In thousands)	March 31, 2018		June 30, 2017
Coffee
Processed	$	16,755	$	14,085
Unprocessed	26,485		17,083
Total	$	43,240	$	31,168
Tea and culinary products
Processed	$	24,981	$	20,741
Unprocessed	922		74
Total	$	25,903	$	20,815
Coffee brewing equipment parts	$	5,937	$	4,268
Total inventories	$	75,080	$	56,251

In addition to product cost, inventory costs include expenditures such as direct labor and certain supply and overhead expenses incurred in bringing the inventory to its existing condition and location. The “Unprocessed” inventory values as stated in the above table represent the value of raw materials and the “Processed” inventory values represent all other products consisting primarily of finished goods.

The Company does not expect inventory levels at June 30, 2018 to decrease from the levels at June 30, 2017 and, therefore, recorded no expected beneficial effect of the liquidation of LIFO inventory quantities in the three and nine months ended March 31, 2018. The Company recorded $0.8 million and $2.5 million in expected beneficial effect of the liquidation of LIFO inventory quantities in cost of goods sold in the three and nine months ended March 31, 2017, respectively. Interim LIFO calculations must necessarily be based on management’s estimates of expected fiscal year-end inventory levels and costs. Because these estimates are subject to many forces beyond management’s control, interim results are subject to the final fiscal year-end LIFO inventory valuation.