B.	Inventories

Inventories consist of raw materials, work in process and finished goods. Raw materials, which principally consist of hops, apple juice, other brewing materials and packaging, are stated at the lower of cost, determined on the first-in, first-out basis, or market. The Company’s goal is to maintain on-hand a supply of approximately two years for essential hop varieties, in order to limit the risk of an unexpected reduction in supply. Inventories are generally classified as current assets. As of September 28, 2013, the Company has classified approximately $1.6 million of hops inventory in excess of two years of forecasted usage in other long term assets. The cost elements of work in process and finished goods inventory consist of raw materials, direct labor and manufacturing overhead. Inventories consist of the following:


	September 28, 2013			December 29, 2012
	(in thousands)
Raw materials	$	33,039		$	27,867
Work in process		9,030			8,897
Finished goods		19,053			9,092

		61,122			45,856
Less portion included in other long term assets		(1,609	)		(1,495	)

	$	59,513		$	44,361