Inventories

12 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consisted of the following:

	March 31,
	2021		2020
At cost—FIFO basis:
Raw materials	$	79,981	$	85,452
Work-in-process	23,067		25,876
Finished goods	27,201		33,216
	130,249		144,544
LIFO cost less than FIFO cost	(18,761)		(17,171)
Net inventories	$	111,488	$	127,373

There were LIFO liquidations resulting in $1,640,000 and $2,805,000 of additional income in fiscal 2021 and 2020 income, respectively.