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Inventories

12 Months Ended

Mar. 31, 2015

NOTE 5. INVENTORIES
Inventories are shown in the following table. Classification at March 31, 2014 has been revised to conform with the current year classification.


	March 31
	2015		2014
Raw materials	$	738,169	$	776,510
Work in process		2,302,751		1,900,098
Finished goods	701,572		530,725
Total inventories	$	3,742,492	$	3,207,333

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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