INVENTORY

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

INVENTORY

INVENTORY

As of December 31, 2019 and 2018, Rayonier’s inventory was solely comprised of finished goods, as follows:

	2019		2018
Finished goods inventory
Real estate inventory (a)		$12,663		$11,919
Log inventory	1,855		3,784
Total inventory		$14,518		$15,703

(a)

Represents the cost of HBU real estate (including capitalized development investments) under contract to be sold. See Note 7 — Higher and Better Use Timberlands and Real Estate Development Investments for additional information.