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INVENTORIES, NET

9 Months Ended

Sep. 28, 2019

Inventories at September 28, 2019 and December 31, 2018 comprised the following:



	September 28, 2019			December 31, 2018
Finished goods	$	62.2		$	49.8
Work in process	22.1			16.2
Raw materials and purchased parts	87.1			74.9
Total FIFO cost	171.4			140.9
Excess of FIFO cost over LIFO inventory value	(13.7		)	(12.1		)
Total inventories, net	$	157.7		$	128.8

Inventories include material, labor and factory overhead costs and are reduced, when necessary, to estimated net realizable values. Certain inventories are valued using the last-in, first-out (“LIFO”) method. These inventories were approximately 43% and 45% of total inventory at September 28, 2019 and December 31, 2018, respectively. Other inventories are valued using the first-in, first-out (“FIFO”) method.