text: **2012.** 2011. 
  
  **302,465**$  280,875 
  
  60,837  **70,797**
  
  **373,262** 341,712 
  
  Less: Excess of current cost over LIFO cost for U.S. inventories  **144,756** 137,646 
  
  204,066  Inventories on consolidated balance sheets  **$** **228,506**$ 
  
  Overall LIFO expense increased cost of goods sold by $7,100 for fiscal 2012. This amount is net of $3,400 of LIFO layer liqu idation benefits. 