MRC GLOBAL INC. | 2013 | FY | 3


 

 

 

 

 

December 31,

 

2013

 

2012

Finished goods inventory at average cost:

 

 

 

Energy carbon steel tubular products

$         362,449

 

$        387,609

Valves, fittings, flanges and all other products

763,119 

 

752,630 

 

1,125,568 

 

1,140,239 

Less: Excess of average cost over LIFO cost (LIFO reserve)

(130,802)

 

(150,982)

Less: Other inventory reserves

(23,199)

 

(19,029)

 

$         971,567

 

$        970,228

 


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