501 movment type

Dear all,

I have uploaded the open stock as on 31.03.2008. Now the client wants to create a production order. While doing so, some materials are showing in the missing parts. So what we planned is taking the materials through 501 movment type. That time the entry is as follows:

Stock a/c dr

To Consumption a/c cr.

Is the entry correct? Is this process correct?

Please suggest.

Thanks & Regards,

AR