text: project the ultimate collectibility of the account. As such, these factors  evaluated its goodwill for impairment and has determined that the fair 
  
  may change over time, causing the reserve level to adjust accordingly.  value of reporting units exceeds their carrying value, so no impairment 
  
  of goodwill was recognized. Management’s assumptions about future 
  ***I N V E N T O R I E S***
  cash flows for the reporting units requires significant judgment, and 
  The Company values 96% of its inventory by the last-in, first-out 
  actual cash flows in the future may differ significantly from those fore- 
  (LIFO) method. Additionally, the Company evaluates its inventory 
  casted today. 
  reserves in terms of excess and obsolete exposures. This evaluation 
  The Company also determines the fair value of an indefinite 
  includes such factors as anticipated usage, inventory turnover, inven- 
  lived trademark on an annual basis, or whenever indications of impair- 
  tory levels, and ultimate product sales value. As such, these factors may 
  ment exist. The Company has evaluated its trademark for impairment 
  change over time, causing the reserve level to adjust accordingly. 
  and has determined that the fair market value of the trademark exceeds 
  
  its carrying value, so no impairment was recognized.  ***P R O P E R T Y , P L A N T , A N D E Q U I P M E N T***