SECTION 1. PURPOSE

This revenue procedure provides the exclusive procedure for a ‘‘small reseller,’’ a ‘‘formerly small reseller,’’ or a ‘‘reseller-producer’’ within the scope of this revenue procedure (as provided in section 4) to obtain consent to change its method of accounting for costs subject to § 263A of the Internal Revenue Code (the ‘‘UNICAP method’’). A taxpayer complying with all the applicable provisions of this revenue procedure will be deemed to have obtained the consent of the Commissioner of Internal Revenue to change its method of accounting under § 446(e).