|
|
![]() | ![]() | ![]() | ![]() |
| |||||||||
|
June
30,
|
December
31,
|
|||||||
|
2008
|
2007
|
|||||||
|
Finished
and semi-finished
|
$ | 993.0 | $ | 823.4 | ||||
|
Raw
materials
|
456.4 | 362.5 | ||||||
|
Total
cost
|
1,449.4 | 1,185.9 | ||||||
|
Adjustment
to state inventories at LIFO value
|
(741.0 | ) | (539.1 | ) | ||||
|
Net
inventories
|
$ | 708.4 | $ | 646.8 | ||||
| 4. This excerpt taken from the AKS 10-Q filed May 5, 2008. Inventories
Inventories
are valued at the lower of cost or market. The cost of the majority
of inventories is measured on the last in, first out (LIFO)
method. Other inventories are measured principally at average
cost.
4. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for AKS: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||