Inventories

Inventories consist of:



	December 31, 2016		September 30, 2016
Raw materials and supplies	$	6,534	$	7,724
Work-in-process	10,147		10,459
Finished goods	10,566		10,313
Total inventories	$	27,247	$	28,496

Inventories are stated at the lower of cost or market. Cost is determined using the last-in, first-out (“LIFO”) method for 38% and 44% of the Company’s inventories at December 31, 2016 and September 30, 2016, 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 $8,133 and $8,026 higher than reported at December 31, 2016 and September 30, 2016, respectively.