Yes, uncosted rolls and items are included in Roll/Item Inventory Value. If you go to the last page on Month End Inventory Balance Report, there will be a legend explaining how Adjust costed Inventory value is figured:
Inventory Value + Cut & Delivered - Uncosted Inventory - Percent Partial Billed Material
You can also see that uncosted inventory is part of Roll/Item Inventory Value because some of the rolls/items listed will not have Invoice # or Invoice Date.
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