Stock Turnover MAC
jewels.p
Registered Posts: 1,774 Beyond epic contributor 🧙♂️
What is the best way to calculate Stock Turnover? I have written down Inventories/COS x 365 Days (if required in days)
But in the MAC June 2010 Paper Task 2.2 I can't calculate COS as there is no opening stock.
I managed to calculate the Raw Materials Stock Turnover from dividing Stocks by Material Production Cost (that was a guess) but how do I calculate the Finished Goods Stock Turnover?
But in the MAC June 2010 Paper Task 2.2 I can't calculate COS as there is no opening stock.
I managed to calculate the Raw Materials Stock Turnover from dividing Stocks by Material Production Cost (that was a guess) but how do I calculate the Finished Goods Stock Turnover?
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 324 NEW! Qualifications 2022
- 160 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 94 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership