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Inventories
12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
Inventories

Note 3    Inventories

Inventories, as of December 31, 2022 and December 25, 2021, were valued as follows:

(amounts in thousands)

    

2022

    

2021

LIFO

$

192,984

$

178,520

Average cost

 

100,290

 

91,067

Total

$

293,274

$

269,587

Management believes the use of the LIFO method for valuing certain inventories represents the most appropriate matching of costs and revenues in the Company’s circumstances. If all inventories were valued on the average cost method, which approximates current cost, total inventories would have been $103.6 million and $74.5 million higher than as reported on the above methods as of December 31, 2022 and December 25, 2021, respectively. During 2021 the Company had certain decrements in its LIFO pools, which had an insignificant impact on the cost of sales.