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Inventories
6 Months Ended
Jun. 30, 2015
Inventories  
Inventories

 

 

3.Inventories

 

The major components of inventories are as follows:

 

 

 

June 30, 2015

 

Dec 31, 2014

 

 

 

 

 

 

 

Raw materials

 

$

1,854,302

 

$

2,020,151

 

Work-in-progress

 

421,764

 

407,964

 

Finished goods

 

1,399,940

 

1,517,151

 

Reduction to LIFO cost

 

(1,312,113

)

(1,314,616

)

 

 

 

 

 

 

 

 

 

 

 

 

Total Inventory

 

$

2,363,893

 

$

2,630,650