INVENTORY VALUATION

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

INVENTORY VALUATION

INVENTORIES

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

	June 30, 2020		December 31, 2019
Raw materials	$	121,108	$	116,716
Work-in-process	67,122		63,744
Finished goods	229,295		213,288
Total	$	417,525	$	393,748

At June 30, 2020 and December 31, 2019, approximately 38% and 36%, respectively, of total inventories were valued using the last-in, first-out ("LIFO") method. The excess of current cost over LIFO cost was $75,428 and $75,292 at June 30, 2020 and December 31, 2019, respectively.