Definition
This item comprises the value of all stocks owned by the parent enterprise and held by, or under the control of your establishment, either at the establishment or elsewhere. Stocks held at ancillary units, in bonded stores or public warehouses on consignment in transit and held by others for processing on commission are included. Excluded materials owned by others but held by this establishment for processing. In general stocks acquired from others should be valued at purchasers prices and those produced internally at producers' prices.
3.3 Finished goods - This item covers finished goods manufactured by this establishment which are ready for shipment at the reference dates. Finished goods held by another establishment those were processed by the establishment from raw materials controlled by this establishment, as well as goods held at ancillary units, in bonded or public warehouses, on consignment, in transit, etc., should also be included Finished goods held by this establishment which were made from materials owned by others should be excluded. Valuation should be in producers prices at which similar goods have been shipped alternatively book values might be reported.
