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Inventories

12 Months Ended

Jun. 30, 2021

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following at June 30: 

(in thousands)			2021						2020
Finished goods			$	302,524					$	318,071
Work in process and powder blends			173,671						190,041
Raw materials			72,551						75,589
Inventories at current cost			548,746						583,701
Less: LIFO valuation			(72,401)						(61,254)
Total inventories			$	476,345					$	522,447

We used the LIFO method of valuing inventories for approximately 39 percent and 43 percent of total inventories at June 30, 2021 and 2020, 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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