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Interim LIFO Calculations
6 Months Ended
Jun. 30, 2013
Interim LIFO Calculations [Abstract]  
Interim LIFO Calculations
NOTE D – Interim LIFO Calculations

An actual valuation of inventory under the LIFO method can be made only at the end of each year based on actual inventory levels. Accordingly, interim LIFO calculations must necessarily be based on management’s estimates. Since these estimates may be affected by factors beyond management’s control, interim results are subject to change based upon the final year-end LIFO inventory valuations.