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Inventories | 12 Months Ended
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Jun. 30, 2024
Inventory Disclosure [Abstract] |
INVENTORIES | INVENTORIES Inventories consisted of the following at June 30:
(in thousands) | 2024 |  | 2023
Finished goods | $ | 310,965 |  |  | $ | 328,094 |
Work in process and powder blends | 216,203 |  |  | 233,346 |
Raw materials | 77,050 |  |  | 81,552 |
Inventories at current cost | 604,218 |  |  | 642,992 |
Less: LIFO valuation | (89,586) |  |  | (85,362) |
Total inventories | $ | 514,632 |  |  | $ | 557,630 |
We used the LIFO method of valuing inventories for approximately 33 percent of total inventories at June 30, 2024 and 2023.

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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 + Details
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