INVENTORY VALUATION

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

INVENTORY VALUATION

INVENTORIES

Inventories in the Condensed Consolidated Balance Sheets are comprised of the following components:

	June 30, 2019		December 31, 2018
Raw materials	$	99,219	$	103,820
Work-in-process	70,066		53,950
Finished goods	228,467		204,059
Total	$	397,752	$	361,829

At June 30, 2019 and December 31, 2018, approximately 36% and 37%, respectively, of total inventories were valued using the last-in, first-out ("LIFO") method. The excess of current cost over LIFO cost was $78,760 and $79,626 at June 30, 2019 and December 31, 2018, respectively.