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INVENTORIES
6 Months Ended
Jun. 30, 2025
INVENTORIES  
INVENTORIES

NOTE 8 — INVENTORIES

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

    

    

June 30, 2025

    

December 31, 2024

Raw materials

$

159,154

$

153,596

Work-in-process

 

131,368

 

123,406

Finished goods

 

330,918

 

267,035

Total

$

621,440

$

544,037

At both June 30, 2025 and December 31, 2024, approximately 35% of total inventories were valued using the last-in, first-out ("LIFO") method. The excess of current cost over LIFO cost was $130,917 and $120,633 at June 30, 2025 and December 31, 2024, respectively.