INVENTORY

3 Months Ended

Mar. 31, 2025

INVENTORY

INVENTORY

NOTE 8 — INVENTORIES

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

	March 31, 2025		December 31, 2024
Raw materials	$	162,629	$	153,596
Work-in-process		120,963		123,406
Finished goods		290,737		267,035
Total	$	574,329	$	544,037

At both March 31, 2025 and December 31, 2024, approximately 35% of total inventories were valued using the last-in, first-out ("LIFO") method. The excess of current cost over LIFO cost was $122,394 and $120,633 at March 31, 2025 and December 31, 2024, respectively.