Inventories

Inventories consist of:



	March 31, 2017		September 30, 2016
Raw materials and supplies	$	5,721	$	7,724
Work-in-process	10,122		10,459
Finished goods	9,606		10,313
Total inventories	$	25,449	$	28,496

Inventories are stated at the lower of cost or market. Cost is determined using the last-in, first-out (“LIFO”) method for 35% and 44% of the Company’s inventories at March 31, 2017 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 $8,252 and $8,026 higher than reported at March 31, 2017 and September 30, 2016, respectively.