sarah glass exam 1 unit 5

meibaker

everyone who have done the sarah glass exam unit 5?
i am having problem with my closing stock. mine is -1623 very strange is it possible? thanks

emmag

I'm also having problems with closing stock.

I have total sales as £1,021,500, purchases as £807,300 and I'm using the stock figure of £43,160 as opening stock. My closing stock is coming out as
(171,040). Think I must be doing something very wrong :confused1:

emmag

Please ignore that. I am so stupid sometimes :blushing:

I've now got closing stock at £33,260. Could someone tell me if that is correct?

jewels.p

emmag wrote: »

Please ignore that. I am so stupid sometimes :blushing:

I've now got closing stock at £33,260. Could someone tell me if that is correct?

Yes £33260 is the correct figure for closing stock. I just had this paper marked and got it wrong!:001_wub: I had £33,100 cause I hadnt decreased the float by £200 in earlier task!

Julie:001_smile:

Pinkjo

If your closing stock is £33,260 your gross profit will be £204,300. Do you not have a closing stock figure?

jewels.p

Pinkjo wrote: »

If your closing stock is £33,260 your gross profit will be £204,300. Do you not have a closing stock figure?

Yes Gross Profit figure is £204300

Julie:001_smile:

meibaker

thanks for all the reply, it really helped.