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INVENTORIES
 12 Months Ended
Dec. 31, 2016
INVENTORIES  
INVENTORIES

3. INVENTORIES

 

Inventories consisted of the following (amounts in thousands):

 

 

 

 

 

 

 

 

 

 

    

December 31, 2016

    

January 2, 2016

 

Finished goods

 

$
8,077

 

$
7,446

 

Work in process

 

 
1,433

 

 
1,459

 

Raw materials and supplies

 

 
11,135

 

 
10,741

 

 

 

$
20,645

 

$
19,646

 

 

If inventories valued on the LIFO basis were valued at current costs, inventories would be higher by $5,731,000 and   $5,748,000 at December 31, 2016 and January 2, 2016, respectively.