closing stock
nabutt
Registered Posts: 86 Regular contributor ⭐
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
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
0
Comments
-
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.)0 -
i would do 4 x 7 = 28 days for the 4 weeks
the 8/28 x 15000 = 4285.71 closing stock0 -
thaknx i was doing it same just wana confirm thanks all for help0
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