INVENTORY VALUATION

9 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

INVENTORY VALUATION

INVENTORIES

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

	September 30, 2020		December 31, 2019
Raw materials	$	110,590	$	116,716
Work-in-process	69,501		63,744
Finished goods	216,123		213,288
Total	$	396,214	$	393,748

At September 30, 2020 and December 31, 2019, approximately 35% 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 $76,204 and $75,292 at September 30, 2020 and December 31, 2019, respectively.