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Note 5 - Inventory
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Inventory Disclosure [Text Block]

5.

INVENTORY

 

The carrying values of inventory were as follows as of December 31:

 

  

2023

  

2022

 

At average cost (approximates current cost)

        

Finished goods

 $16,235  $11,719 

Work in process

  611   879 

Raw and indirect materials

  25,532   33,897 
   42,378   46,495 

LIFO reserve

  (9,400)  (19,734)

Total inventory

 $32,978  $26,761 

 

In 2022, a LIFO liquidation resulted in a decrease of $2,124 to “Cost of goods sold”. There was no LIFO liquidation in 2023.