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INVENTORIES
3 Months Ended
Mar. 31, 2023
INVENTORIES  
INVENTORIES

NOTE 8 — INVENTORIES

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

    

    

March 31, 2023

    

December 31, 2022

Raw materials

$

179,287

$

181,076

Work-in-process

 

163,128

 

164,778

Finished goods

 

322,184

 

319,597

Total

$

664,599

$

665,451

At March 31, 2023 and December 31, 2022, approximately 37% and 38%, respectively, of total inventories were valued using the last-in, first-out ("LIFO") method. The excess of current cost over LIFO cost was $136,101 and $133,909 at March 31, 2023 and December 31, 2022, respectively.