Table:
|  | August 31,2019 | August 31,2018 |
| --- | --- | --- |
| Raw materials | $2,310,081 | $2,070,569 |
| Work in process | 468,217 | 788,742 |
| Finished goods | 314,258 | 659,335 |
| Reserve for excess and obsolete inventory | (69,553) | (60,940) |
| Inventories, net | $3,023,003 | $3,457,706 |
Paragraphs:
3. Inventories
Inventories consist of the following (in thousands):
Question:
What was the percentage change in raw materials between 2018 and 2019?
Answer: ($2310081-$2070569)/$2070569 = 11.57