Inventories

Inventories consist of:



	December 31, 2015		September 30, 2015
Raw materials and supplies	$	5,752	$	7,212
Work-in-process	11,218		11,088
Finished goods	9,563		9,643
Total inventories	$	26,533	$	27,943

Inventories are stated at the lower of cost or market. Cost is determined using the last-in, first-out (“LIFO”) method for 39% and 38% of the Company’s inventories at December 31, 2015 and September 30, 2015, respectively. The first-in, first-out (“FIFO”) method is used for the remainder of the inventories. If the FIFO method had been used for the inventories for which cost is determined using the LIFO method, inventories would have been $8,542 and $8,508 higher than reported at December 31, 2015 and September 30, 2015, respectively.