XML 30 R16.htm IDEA: XBRL DOCUMENT v3.23.2
INVENTORIES
6 Months Ended
Jun. 30, 2023
INVENTORIES  
INVENTORIES

NOTE 8 — INVENTORIES

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

    

    

June 30, 2023

    

December 31, 2022

Raw materials

$

179,968

$

181,076

Work-in-process

 

175,080

 

164,778

Finished goods

 

319,706

 

319,597

Total

$

674,754

$

665,451

At June 30, 2023 and December 31, 2022, approximately 35% 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 $136,411 and $133,909 at June 30, 2023 and December 31, 2022, respectively.