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Inventories (Notes) | 3 Months Ended
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Nov. 24, 2018
Inventory Disclosure [Abstract] |
Inventories | Inventories Inventories consist of the following:
(in thousands) | November 24, 2018 |  | August 25, 2018
Finished goods | $ | 44,602 |  |  | $ | 26,513 |
Work-in-process | 75,072 |  |  | 68,339 |
Raw materials | 111,147 |  |  | 139,039 |
Total | 230,821 |  |  | 233,891 |
Less last-in, first-out ("LIFO") reserve | 39,360 |  |  | 38,763 |
Inventories | $ | 191,461 |  |  | $ | 195,128 |
Inventory valuation methods consist of the following:
(in thousands) | November 24, 2018 |  | August 25, 2018
LIFO basis | $ | 178,377 |  |  | $ | 176,215 |
First-in, first-out basis | 52,444 |  |  | 57,676 |
Total | $ | 230,821 |  |  | $ | 233,891 |
The above value of inventories, before reduction for the LIFO reserve, approximates replacement cost at the respective dates.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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