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 at least one year 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:


	June 27,			December 27,
	2015			2014
	(in thousands)
Raw materials	$	36,879		$	39,535
Work in process		10,665			7,391
Finished goods		13,690			10,793

		61,234			57,719
Less portion in other long term assets		(4,115	)		(6,412	)

	$	57,119		$	51,307