Inventories

Inventories consist of the following:



(In thousands)	August 29, 2015			August 30, 2014
Finished goods	$	12,179		$	28,029
Work-in-process	66,602			49,919
Raw materials	65,928			66,200
Total	144,709			144,148
LIFO reserve	(32,544		)	(31,300		)
Total inventories	$	112,165		$	112,848

The above value of inventories, before reduction for the LIFO reserve, approximates replacement cost at the respective dates. Of the $144.7 million inventory at August 29, 2015, $135.3 million is valued on a LIFO basis and the Towables inventory of $8.4 million is valued on a FIFO basis. Of the $144.1 million inventory at August 30, 2014, $137.7 million is valued on a LIFO basis and the Towables inventory of $6.4 million is valued on a FIFO basis.

During Fiscal 2015 and Fiscal 2014 we recorded an increase to LIFO reserves of $1.2 million and $1.5 million based on increases in inflation.