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Inventories

12 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following at June 30:

(in thousands)	2019				2018
Finished goods	$	311,684			$	279,240
Work in process and powder blends	246,414				232,973
Raw materials	95,620				96,859
Inventories at current cost	653,718				609,072
Less: LIFO valuation	(82,142		)		(83,606		)
Total inventories	$	571,576			$	525,466

We used the LIFO method of valuing inventories for approximately 41 percent and 40 percent of total inventories at June 30, 2019 and 2018, respectively.

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- References

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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