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. The Company classifies 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:


	March 29, 2014			December 28, 2013
	(in thousands)
Raw materials	$	43,218		$	35,116
Work in process		7,505			8,449
Finished goods		15,228			17,091

		65,951			60,656
Less portion included in other long term assets		(4,944	)		(4,259	)

	$	61,007		$	56,397