Inventories

Inventories consist of:



	December 31, 2017		September 30, 2017
Raw materials and supplies	$	4,867	$	6,108
Work-in-process	7,129		7,650
Finished goods	7,366		6,623
Total inventories	$	19,362	$	20,381

Inventories are stated at the lower of cost or market. Cost is determined using the last-in, first-out (“LIFO”) method for 40% and 38% of the Company’s inventories at December 31, 2017 and September 30, 2017, 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 $8,371 and $8,319 higher than reported at December 31, 2017 and September 30, 2017, respectively.