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Inventories
12 Months Ended
Dec. 31, 2020
Inventory Disclosure [Abstract]  
Inventories

NOTE 5.  INVENTORIES

Inventories consist of the following at December 31:

 

(in thousands)

 

2020

 

 

2019

 

Logs

 

$

31,210

 

 

$

33,313

 

Lumber, plywood and veneer

 

 

34,136

 

 

 

31,639

 

Materials and supplies

 

 

14,939

 

 

 

12,831

 

 

 

 

80,285

 

 

 

77,783

 

Less: LIFO reserve

 

 

(18,249

)

 

 

(12,002

)

Total inventories

 

$

62,036

 

 

$

65,781

 

 

If the last-in, first-out inventory had been carried at average cost, the values would have been higher by approximately $18.2 million and $12.0 million at December 31, 2020 and 2019, respectively.