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INVENTORIES

6 Months Ended

Jun. 30, 2013

4. INVENTORIES

	At December 31, 2012		At June 30, 2013
Raw materials	$	43,542	$	59,342
Work-in-process	43,241		40,422
Finished goods	168,097		243,515
Total inventories	$	254,880	$	343,279

For the six months ended June 30, 2012 and 2013, inventory was written down by $27,688, and $680, respectively, to reflect the lower of cost or market.

- 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.

+ References+ Details