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Inventories
12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
Inventories

NOTE 4. INVENTORIES

Inventories consist of the following at December 31:

 

(in thousands)

 

2021

 

 

2020

 

Logs

 

$

41,199

 

 

$

31,210

 

Lumber, plywood and veneer

 

 

34,528

 

 

 

34,136

 

Materials and supplies

 

 

17,780

 

 

 

14,939

 

 

 

 

93,507

 

 

 

80,285

 

Less: LIFO reserve

 

 

(21,138

)

 

 

(18,249

)

Total inventories

 

$

72,369

 

 

$

62,036

 

 

If the last-in, first-out inventory had been carried at average cost, the values would have been higher by $21.1 million and $18.2 million at December 31, 2021 and 2020, respectively.