Note 6. Inventories

9 Months Ended

Mar. 31, 2019

Inventories

Inventory components were as follows:



(Amounts in Thousands)	March 31, 2019			June 30, 2018
Finished products	$	24,776		$	23,756
Work-in-process	2,764			1,378
Raw materials	33,910			29,158
Total FIFO inventory	61,450			54,292
LIFO reserve, net	(16,310		)	(14,783		)
Total inventory	$	45,140		$	39,509

For interim reporting, LIFO inventories are computed based on quantities as of the end of the quarter and interim changes in price levels. Changes in quantities and price levels are reflected in the interim financial statements in the period in which they occur, except in cases where LIFO inventory liquidations are expected to be reinstated by fiscal year end. The earnings impact of LIFO inventory liquidations during the three and nine month periods ended March 31, 2019 and 2018 was immaterial. Our FIFO inventory increased from June 30, 2018 to March 31, 2019 in large part as a result of the David Edward acquisition.