INVENTORY VALUATION

3 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

INVENTORY VALUATION

INVENTORIES

Inventories in the Condensed Consolidated Balance Sheets are comprised of the following components:

	March 31, 2019		December 31, 2018
Raw materials	$	100,283	$	103,820
Work-in-process	59,108		53,950
Finished goods	216,346		204,059
Total	$	375,737	$	361,829

At March 31, 2019 and December 31, 2018, approximately 38% and 37%, respectively, of total inventories were valued using the last-in, first out ("LIFO") method. The excess of current cost over LIFO cost was $79,647 and $79,626 at March 31, 2019 and December 31, 2018, respectively.