closing stock

nabutt

i am confuse finding the closing st bc i dont hav answers so can anyone help

i have 4 weeks ending 28 oct 2008 sales 15000

closing st must be equal to 8 days of sales in p/e 28 oc 2008

how to find the closing stock ?????

thankx

Cullen

Um, I would work it out as thus:

If 4 weeks sales = 15,000

1 days sales = 15,000/28

8 days sales = 15,000/28 x 8 = 4,285.71

(This is based on a 7 day week. Check if the business is open for a 6 or 5 day week.)

lisnic

i would do 4 x 7 = 28 days for the 4 weeks

the 8/28 x 15000 = 4285.71 closing stock

A-Vic

lisnic wrote: »

i would do 4 x 7 = 28 days for the 4 weeks

the 8/28 x 15000 = 4285.71 closing stock

lol its exactly the same thing

nabutt

thaknx i was doing it same just wana confirm thanks all for help

lisnic

A-Vic wrote: »

lol its exactly the same thing

yeah i know just another way of working it out but strange when i posted there were no other replies showing??