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INVENTORIES

6 Months Ended

Jun. 30, 2013

NOTE 2 - INVENTORIES

At June 30, 2013 and December 31, 2012, approximately 18% and 19%, respectively, of the total inventories are accounted for by using the LIFO method. Inventories, by component, consisted of:

	June 30,			December 31,
	2013			2012

Raw materials	$	119,754		$	125,889
Work in process	94,506			75,261
Finished goods	130,844			127,393
Total	345,104			328,543
Less LIFO Reserve	(7,479		)	(6,658		)
Total	$	337,625		$	321,885

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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