Inventories

9 Months Ended

Sep. 30, 2012

3. Inventories

Inventories consist of the following:


	September 30, 2012		December 31, 2011
Raw materials—
Plates and Shapes	$	166.2	$	151.4
Flat Rolled and Non-Ferrous		206.9		198.5
Building Products		5.9		4.7

Total raw materials		379.0		354.6

Work-in-process and finished goods—
Flat Rolled and Non-Ferrous		37.2		38.8
Building Products		10.2		9.1

Total work-in-process and finished goods		47.4		47.9

Total inventories	$	426.4	$	402.5

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details

METALS USA INC 10-Q