Table:
|  | Fiscal year-end |  |
| --- | --- | --- |
|  | 2019 | 2018 |
| Purchased parts and assemblies | $134,298 | $137,566 |
| Work-in-process | 174,550 | 186,240 |
| Finished goods | 133,682 | 162,935 |
| Total inventories | $442,530 | $486,741 |
Paragraphs:
Inventories
Inventories are stated at the lower of cost (first-in, first-out or weighted average cost) or net realizable value. Inventories are as follows (in thousands):
Question:
How are inventories stated?