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Inventories

12 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following at June 30: 

(in thousands)	2020				2019
Finished goods	$	318,071			$	311,684
Work in process and powder blends	190,041				246,414
Raw materials	75,589				95,620
Inventories at current cost	583,701				653,718
Less: LIFO valuation	(61,254		)		(82,142		)
Total inventories	$	522,447			$	571,576

We used the LIFO method of valuing inventories for approximately 43 percent and 41 percent of total inventories at June 30, 2020 and 2019, respectively.

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- References

No definition available.

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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://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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