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Inventories, net

3 Months Ended

Mar. 31, 2012

3. Inventories, net

	March 31, 2012		December 31, 2011
Raw materials	$	416,050	$	372,627
Work in progress		187,479		177,016
Finished goods		330,466		309,048
Subtotal		933,995		858,691
Less LIFO reserve		53,552		55,345
Total	$	880,443	$	803,346

- 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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