Definition
This item comprises the value of all stocks owned by the parent enterprise and held by, or under the control of the 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.
3.1. Raw Materials, components.......
This item comprises all materials, components, etc. that enter into the product, fuels, repair and maintenance, and office and other consumable supplies. The value of any stocks of materials and supplies for use in own-account fixed asset should be included. Stocks should be valued at current replacement cost, based on purchasers prices. The prices should include any duties and taxes payable and should be net or any rebates and discounts given by the seller. Alternatively, book values might be reported.
