Note 6 - Inventories

12 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

6

.  INVENTORIES

Inventories consist of the following (in thousands):

	June 30, 201 9			June 30, 201 8
Raw materials and supplies	$	26,106		$	23,764
Goods in process and finished parts		17,464			18,423
Finished goods		41,500			40,739
		85,070			82,926
LIFO reserve		(23,280	)		(24,887	)
	$	61,790		$	58,039

LIFO inventories were

$9.8

million and

$8.4

million at

June 30, 2019

and

June 30, 2018,

respectively, such amounts being approximately

$23.3

million and

$24.9

million, respectively, less than if determined on a FIFO basis.  The use of LIFO, as compared to FIFO, resulted in a

$1.6

million decrease in cost of sales for the goods sold in fiscal

2019

compared to a

$1.3

million decrease in fiscal

2018.