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Inventories

12 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following at June 30: 

(in thousands)			2023						2022
Finished goods			$	328,094					$	316,936
Work in process and powder blends			233,346						231,214
Raw materials			81,552						107,024
Inventories at current cost			642,992						655,174
Less: LIFO valuation			(85,362)						(84,338)
Total inventories			$	557,630					$	570,836

We used the LIFO method of valuing inventories for approximately 33 percent of total inventories at June 30, 2023.

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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://www.xbrl.org/2003/role/disclosureRef
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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