Inventories

Inventories at September 30 consist of:



	2019		2018
Raw materials and supplies	$	4,512	$	6,202
Work-in-process	2,721		6,626
Finished goods	3,276		5,441
Total inventories	$	10,509	$	18,269

If the FIFO method had been used for the entire Company, inventories would have been $8,296 and $8,879 higher than reported at September 30, 2019 and 2018, respectively. LIFO benefit was $75 in fiscal 2019 and LIFO expense was $560 in 2018.

Since adopting the revenue standard, results show a reduction of inventory resulting in liquidations of LIFO inventory quantities. The estimated liquidation of LIFO inventory quantities results in a projected increase in cost of goods sold of approximately $340 as of September 30, 2019. These inventories were carried in prior periods at the then prevailing costs, which were accurate at the time, but differ from the current manufacturing cost and/or material costs.