Click this link for information on Item 38 Opening stock on the ATO website.
A generic schedule is provided at this item for dissection and record keeping purposes.
The amount at label C must reflect an amount calculated for tax purposes.
9-150 What is Trading Stock?
9-160 Calculating Trading Stock Gross Profit
9-170 Trading Stock on Hand Taken into Account
9-180 How to Value Trading Stock
9-250 Valuation of Live Stock
9-290 Stock Disposed of Outside Ordinary Course of Business