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INVENTORIES

9 Months Ended

Sep. 30, 2014

NOTE 2 - INVENTORIES

At September 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:

	September 30,			December 31,
	2014			2013

Raw materials	$	115,575		$	114,501
Work in process	103,262			108,924
Finished goods	130,055			137,591
Total	348,892			361,016
Less LIFO Reserve	(7,940		)	(7,857		)
Total	$	340,952		$	353,159

- 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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