how to calculate closing stock

opening stock 36273.80
cash purchase 322455.10
cash sales 385655.40

how to calculate closing stock

Answers

  • CeeJaySix
    CeeJaySix Registered Posts: 645
    Presumably you are given a mark-up or margin? Otherwise unless you're selling at cost it's not possible...
    Clintm15
  • melinda_m
    melinda_m Registered Posts: 3
    opening stock (what you had already) + purchase (now you have that too) - sales (these are gone) = closing stock
  • CeeJaySix
    CeeJaySix Registered Posts: 645
    Not true unless you're selling at cost...sales will have a mark-up applied, so simply subtracting the sales value will not get you to stock value...
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