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INVENTORY VALUATION

6 Months Ended

Jun. 30, 2018

Inventory Disclosure [Abstract]

INVENTORY VALUATION

INVENTORY

Inventories in the Condensed Consolidated Balance Sheet is comprised of the following components:

	June 30, 2018				December 31, 2017
Raw materials	$	106,464			$	97,577
Work-in-process	52,827				50,695
Finished goods	206,343				200,395
Total	$	365,634			$	348,667

At June 30, 2018 and December 31, 2017, approximately 37% and 32% of total inventories were valued using the last-in, first out ("LIFO") method, respectively. The excess of current cost over LIFO cost was $74,814 at June 30, 2018 and $68,641 at December 31, 2017.

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- References

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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