SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of major components of inventories

	2013			2012
Raw materials	$	1,952,398		$	2,072,540
Work-in-progress	389,501			373,512
Finished goods	1,461,264			1,478,444
Reduction to LIFO cost	(1,248,221		)	(1,245,632		)
Total inventories	$	2,554,942		$	2,678,864

Schedule of estimated useful lives of property, plant and equipment

	Years
Buildings	15-40
Machinery and equipment	5-10
Office equipment	3-10
Vehicles	3

Schedule of remaining estimated weighted average useful lives of intangible assets

	Years
Patents	14.3
Licenses	3.4
Non-compete agreements	1.5

Summary of shares used in the calculation of diluted EPS

	2013	2012
Weighted average common shares outstanding	2,006,843	1,988,066
Dilutive effect of stock options	3,816	2,781
Weighted average common and common equivalent shares outstanding	2,010,659	1,990,847