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INVENTORIES
6 Months Ended
Jun. 30, 2014
INVENTORIES  
INVENTORIES

NOTE 2 - INVENTORIES

 

At June 30, 2014 and December 31, 2013, approximately 19% and 20%, respectively, of the total inventories are accounted for by using the LIFO method.  Inventories, by component, consisted of:

 

 

 

 

June 30,

 

December 31,

 

 

 

2014

 

2013

 

 

 

 

 

 

 

Raw materials

 

$

124,356

 

$

114,501

 

Work in process

 

110,587

 

108,924

 

Finished goods

 

144,378

 

137,591

 

Total

 

379,321

 

361,016

 

Less LIFO Reserve

 

(7,574

)

(7,857

)

Total

 

$

371,747

 

$

353,159