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INVENTORIES, NET | 6 Months Ended
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Dec. 31, 2019
INVENTORIES, NET |
INVENTORIES, NET | NOTE 9. INVENTORIES, NET Inventories consisted of the following:
|  | June 30, |  | December 31, |  | December 31,
|  | 2019 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | U.S. Dollars
Small component parts |  | ¥ | 57,060 |  | ¥ | 57,061 |  | $ | 8,190
Purchased goods and raw materials |  |  | 226,868 |  |  | 270,952 |  |  | 38,885
Work in process and goods on site |  |  | 533,924 |  |  | 305,591 |  |  | 43,856
Finished goods |  |  | 452,671 |  |  | 1,162,807 |  |  | 166,878
Allowance for slow moving inventory |  |  | — |  |  | — |  |  | —
Total inventories, net |  | ¥ | 1,270,523 |  | ¥ | 1,796,411 |  | $ | 257,809
Provisions for slow moving inventory was ¥65,380 and ¥25,312 ($3,633) for the six months ended December 31, 2018 and 2019, respectively. Movement of allowance for slow-moving inventories is as follows:
|  | June 30, |  | December 31, |  | December 31,
|  | 2019 |  | 2019 |  | 2019
|  | RMB |  | RMB |  | U.S. Dollars
Beginning balance |  | ¥ | 1,399,524 |  | ¥ | — |  | $ | —
Charge to cost of sales |  |  | 65,380 |  |  | 25,312 |  |  | 3,633
Less: Selling of slow-moving items |  |  | (1,464,904) |  |  | (25,312) |  |  | (3,633)
Ending balance |  | ¥ | — |  | ¥ | — |  | $ | —

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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