INVENTORY |
6 Months Ended | ||
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May 31, 2016 | |||
| INVENTORY [Text Block] |
Inventory as of May 31, 2016 consist of finished goods of Blunt Impact Projectiles 40mm for $2,779 (November 30, 2015: $30,329) and 40mm LMT launchers for $10,479 (November 30, 2015: $13,990) which are held at the BIP manufacturer. |
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- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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