definiens: means ( a ) all raw materials, active pharmaceutical ingredients, excipients, intermediaries, reagents, supplies, pac kaging, work in progress and finished goods ( i ) hel d by the Companies, their Subsidiaries or Schering - Plough Ca nada, Inc. or - 16 - ( ii ) at the Conveyed Sites, and ( b ) finished goods of the Consumer Care Business, whether imported, pr ocured from domestic contract manufacturers, or otherwise, that are located at or in transit to ( only to the extent owned as per the terms of supply ) the distribution sites of Seller, its Affiliates or any third party other than ( in the case of clauses ( a ) and ( b ) ), any of the foregoing ( i ) l ocated at a manufacturing facility that is not a Co nveyed Site or ( ii ) subject to the Seller to Buyer Master Product Supply Agreement . For the avoidance of doubt, Trans ferred Inventory may include inventory that is not attribu table to a Consumer Care Product . For purposes of determining the Closing Date Net Working Capital se t forth in the Closing Date Statement, the Purchase Price Adjustment Statement and the Final Purchase Price A djustment Statement, ( x ) Transferred Inventory shal l be valued net of reserves, and ( y ) finished and unfini shed goods constituting Transferred Inventory shall be valued at Seller ’s standard cost as of the Closing Date