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Inventories | 12 Months Ended
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Jun. 30, 2022
Inventory Disclosure [Abstract] |
INVENTORIES | INVENTORIES Inventories consisted of the following at June 30:
(in thousands) | 2022 |  | 2021
Finished goods | $ | 316,936 |  |  | $ | 302,524 |
Work in process and powder blends | 231,214 |  |  | 173,671 |
Raw materials | 107,024 |  |  | 72,551 |
Inventories at current cost | 655,174 |  |  | 548,746 |
Less: LIFO valuation | (84,338) |  |  | (72,401) |
Total inventories | $ | 570,836 |  |  | $ | 476,345 |
We used the LIFO method of valuing inventories for approximately 39 percent of total inventories at June 30, 2022 and 2021, respectively.

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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 + Details
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