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Inventories
12 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
Inventories

7. Inventories

Inventories consists of the following:

 

 

June 30, 2024

 

 

July 2, 2023

 

Raw materials

 

$

49,391

 

 

$

59,983

 

Supplies

 

 

12,160

 

 

 

11,787

 

Work in process

 

 

8,994

 

 

 

6,633

 

Finished goods

 

 

64,449

 

 

 

78,032

 

Gross inventories

 

 

134,994

 

 

 

156,435

 

Net realizable value adjustment

 

 

(3,813

)

 

 

(5,625

)

Total inventories

 

$

131,181

 

 

$

150,810

 

The cost for the majority of UNIFI’s inventories is determined using the first-in, first-out method. Certain foreign inventories and limited categories of supplies of $52,040 and $58,490 as of June 30, 2024 and July 2, 2023, respectively, were valued using the average cost method.