Inventories



(In thousands)	2018			2017

Raw materials and supplies	$	89,641		$	108,397
Work-in-process	58,643			46,158
Finished goods	188,506			180,143
Valuation reserves	(6,995		)	(6,797		)

Inventories	$	329,795		$	327,901

Inventories valued using the LIFO method totaled $18.8 million at December 29, 2018 and $26.5 million at December 30, 2017. At December 29, 2018 and December 30, 2017, the approximate FIFO cost of such inventories was $91.8 million and $111.0 million, respectively. Additionally, the Company values certain inventories purchased for resale on an average cost basis. The value of those inventories was $53.6 million at December 29, 2018 and $43.9 million at December 30, 2017.

At the end of 2018 and 2017, the FIFO value of inventory consigned to others was $5.1 million and $4.4 million, respectively.