Inventories

3 Months Ended

Sep. 30, 2022

InventoriesInventories consist of the following (in thousands):


	9/30/2022		6/30/2022
Raw material and supplies	$	36,668	$	35,752
Goods in process and finished parts	23,205		22,268
Finished goods	36,212		35,589
	96,085		93,609
LIFO Reserve	(26,000)		(26,709)
	$	70,085	$	66,900

Of the Company’s $70.1 million and $66.9 million total inventory at September 30, 2022 and June 30, 2022, respectively, the $26.0 million and $26.7 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 $41.6 million on a FIFO basis and $15.6 million on a LIFO basis at September 30, 2022. The Core U.S. business had total Inventory, on a FIFO basis, of $39.3 million and $12.6 million on a LIFO basis as of June 30, 2022. The use of LIFO, as compared to FIFO, resulted in a $0.7 million decrease in cost of sales for the goods sold in the period ended September 30, 2022 compared to $4.6 million decrease in fiscal 2022.