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INVENTORIES

12 Months Ended

Dec. 31, 2012

NOTE 2 INVENTORIES

At December 31, 2012 and 2011, approximately 19% and 21%, respectively, of the total inventories are accounted for by the LIFO method. Inventories, by component, consisted of:




	2012		2011

Raw materials	$	125,889	$	116,751
Work in process		75,261		69,676
Finished goods		127,393		105,095

Total		328,543		291,522
Less LIFO reserve		(6,658)		(6,367)

Total	$	321,885	$	285,155

- 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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