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INVENTORIES
 12 Months Ended
Jan. 02, 2016
INVENTORIES  
INVENTORIES

3. INVENTORIES

 

Inventories consisted of the following (amounts in thousands):

 

 

 

 

 

 

 

 

 

 

    

January 2, 2016

    

January 3, 2015

 

Finished goods

 

$
7,446

 

$
7,144

 

Work in process

 

 
1,459

 

 
1,119

 

Raw materials and supplies

 

 
10,741

 

 
9,213

 

 

 

$
19,646

 

$
17,476

 

 

If inventories valued on the LIFO basis were valued at current costs, inventories would be higher by $5,748,000 and   $6,063,000 at January 2, 2016 and January 3, 2015, respectively.