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INVENTORIES
6 Months Ended
Jun. 30, 2022
INVENTORIES  
INVENTORIES

NOTE 9 — INVENTORIES

Inventories in the Condensed Consolidated Balance Sheets are comprised of the following components:

    

    

June 30, 2022

    

December 31, 2021

Raw materials

$

179,412

$

143,394

Work-in-process

 

111,748

 

97,834

Finished goods

 

348,233

 

298,691

Total

$

639,393

$

539,919

At June 30, 2022 and December 31, 2021, approximately 37% and 36%, respectively, of total inventories were valued using the last-in, first-out ("LIFO") method. The excess of current cost over LIFO cost was $131,488 and $114,176 at June 30, 2022 and December 31, 2021, respectively.