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Inventories

12 Months Ended

Dec. 31, 2012

4. Inventories, net



	December 31, 2012			December 31, 2011
Raw materials	$	386,119		$	340,556
Work in progress	182,060			158,825
Finished goods	360,168			289,771
Subtotal	928,347			789,152
Less LIFO reserve	(55,506		)	(55,345		)
Total	$	872,841		$	733,807

At December 31, 2012 and 2011, approximately 28% and 31%, respectively, of the Company's total inventories were accounted for using the LIFO method.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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