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INVENTORY
12 Months Ended
Dec. 31, 2025
INVENTORY  
INVENTORY

NOTE 16 – INVENTORY

Inventories in the Consolidated Balance Sheet is comprised of the following components:

December 31, 

2025

  ​ ​ ​

2024

Raw materials

$

164,440

$

153,596

Work-in-process

 

124,351

 

123,406

Finished goods

 

344,573

 

267,035

Total

$

633,364

$

544,037

The valuation of LIFO inventories is made at the end of each year based on inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected year-end inventory levels and costs. Actual year-end inventory levels and costs may differ from interim LIFO inventory valuations. At December 31, 2025 and 2024, approximately 38% and 35% of total inventories, respectively, were valued using the LIFO method. The

excess of current cost over LIFO cost was $138,589 at December 31, 2025 and $120,633 at December 31, 2024, or a charge of $17,956 in 2025 as compared with a benefit of $9,313 in 2024.