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INVENTORIES
9 Months Ended
Sep. 30, 2024
INVENTORIES  
INVENTORIES

NOTE 8 — INVENTORIES

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

    

    

September 30, 2024

    

December 31, 2023

Raw materials

$

165,058

$

160,809

Work-in-process

 

146,975

 

125,756

Finished goods

 

300,379

 

276,299

Total

$

612,412

$

562,864

At September 30, 2024 and December 31, 2023, approximately 33% 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 $125,975 and $129,946 at September 30, 2024 and December 31, 2023, respectively.