Inventories

12 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following at June 30: 

(in thousands)	2022		2021
Finished goods	$	316,936	$	302,524
Work in process and powder blends	231,214		173,671
Raw materials	107,024		72,551
Inventories at current cost	655,174		548,746
Less: LIFO valuation	(84,338)		(72,401)
Total inventories	$	570,836	$	476,345

We used the LIFO method of valuing inventories for approximately 39 percent of total inventories at June 30, 2022 and 2021, respectively.