Note 2 - Significant Accounting Policies: Inventories (Policies)
|9 Months Ended|
Dec. 31, 2015
In accordance with Accounting Research Bulletin No. 43 Inventory Pricing, the Companys inventory is valued at the lower of cost (the purchase price, including additional fees) or market based on using the entire value of inventory. Inventories are determined based on the average cost method. As of December 31, 2015 and March 31, 2015, inventory consisted of the following:
Disclosure of accounting policy for major classes of inventories, bases of stating inventories (for example, lower of cost or market), methods by which amounts are added and removed from inventory classes (for example, FIFO, LIFO, or average cost), loss recognition on impairment of inventories, and situations in which inventories are stated above cost. If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory.
Reference 1: http://www.xbrl.org/2003/role/presentationRef