Note 9. Inventories

6 Months Ended

Dec. 31, 2019

Inventories [Abstract]

Inventory Disclosure

Inventories

Inventory components were as follows:

(Amounts in Thousands)	December 31, 2019			June 30, 2019
Finished products	$	29,534		$	26,304
Work-in-process	1,961			2,455
Raw materials	34,718			34,335
Total FIFO inventory	66,213			63,094
LIFO reserve, net	(16,470		)	(16,282		)
Total inventory	$	49,743		$	46,812

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 six month periods ended December 31, 2019 and 2018 was immaterial.