Inventory

3 Months Ended

Sep. 27, 2019

Inventory is stated at the lower of cost (first-in, first-out) or net realizable value, and consists of materials, labor and overhead. On a quarterly basis, the Company uses consistent methodologies to evaluate inventory for net realizable value. Once an item is written down, the value becomes the new inventory cost basis. The Company reduces the value of inventory for excess and obsolete inventory, consisting of on-hand inventory in excess of estimated usage. The excess and obsolete inventory evaluation is based upon assumptions about future demand, historical usage, product mix and possible alternative uses. Inventory was comprised of the following:



	September 27, 2019		June 30, 2019
Raw materials	$	85,434	$	84,561
Work in process	46,450		38,525
Finished goods	16,616		14,026
Total	$	148,500	$	137,112

The $11,388 increase in inventory was primarily due to the acquisition of APC.