Inventories

3 Months Ended

Sep. 30, 2020

Inventories consist of the following (in thousands):


	09/30/2020		06/30/2020
Raw material and supplies	$	30,066	$	26,255
Goods in process and finished parts	13,890		13,694
Finished goods	31,168		37,579
	75,124		77,528
LIFO Reserve	(25,048)		(24,541)
	$	50,076	$	52,987

Of the Company’s $50.1 million and $53.0 million total inventory at September 30, 2020 and June 30, 2020, respectively, the $25.0 million and $24.5 million LIFO reserves belong to the U.S. Precision Tools and Saws Manufacturing “Core U.S.” business. The Core U.S. business total inventory was $31.9 million on a FIFO basis and $6.9 million on a LIFO basis at September 30, 2020. The Core U.S. business had total Inventory, on a FIFO basis, of $33.1 million and $8.6 million on a LIFO basis as of June 30, 2020. The use of LIFO, as compared to FIFO, resulted in a $0.5 million increase in cost of sales for the goods sold in the period ending September 30, 2020 compared to a de minimis change in the three months ending September 30, 2019.