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INVENTORIES
3 Months Ended
Mar. 31, 2024
INVENTORIES  
INVENTORIES

NOTE 8 — INVENTORIES

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

    

    

March 31, 2024

    

December 31, 2023

Raw materials

$

141,217

$

160,809

Work-in-process

 

137,803

 

125,756

Finished goods

 

288,259

 

276,299

Total

$

567,279

$

562,864

At March 31, 2024 and December 31, 2023, approximately 36% and 37%, respectively, of total inventories were valued using the last-in, first-out ("LIFO") method. The excess of current cost over LIFO cost was $129,415 and $129,946 at March 31, 2024 and December 31, 2023, respectively.