INVENTORIES

Inventories consist of the following:



(In Thousands)	2016		2015
Finished goods	$	16,215	$	13,935
Work-in-process	8,590		9,249
Raw materials	23,733		22,149
Stores, supplies and other	17,531		19,992
Total	$	66,069	$	65,325

Inventories stated on the LIFO basis amounted to $16.4 million at December 31, 2016 and $13.5 million at December 31, 2015, which were below replacement costs by $15.3 million at December 31, 2016 and $13.4 million at December 31, 2015. During 2016 certain PE Films inventories accounted for on a LIFO basis increased, which resulted in cost of goods sold being stated at above replacement costs by $0.9 million and, during 2015 and 2014, certain PE Films inventories accounted for on a LIFO basis declined, which resulted in cost of goods sold being stated at below replacement costs by $0.4 million and $1.0 million, respectively.