Monday 29th Nov 2004 past exam paper, stock turnover question

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi,
I was wondering if anyone would be able to tell me how to calculate the stock turnover in months on pg 7 of the above exam paper. For some reason I cant seem to work it out right!

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Monday 29th Nov 2004 past exam paper, stock turnover question

    Hi

    If you are talking about PEV, then the usual formula for Stock Turnover is

    Stock / Cost of Sales x 12.

    But in this exam, for the cost of Sales you just use the materials cost (i think its 660 for the first one you work out) and it says this is what you do next to the question.

    I hope that helps a bit!! Good luck for your exam on Monday!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Monday 29th Nov 2004 past exam paper, stock turnover question

    many thanks for that it has really helped!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Monday 29th Nov 2004 past exam paper, stock turnover question

    Glad i helped you, and that you understand what i was on about!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Monday 29th Nov 2004 past exam paper, stock turnover question

    Hi,

    Calculating Stock turnover formula is : Turnover/Closing stock (From Balance Sheet. I hope it will help
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Monday 29th Nov 2004 past exam paper, stock turnover question

    Hi,

    Calculating Stock turnover formula is : Turnover/Closing stock (From Balance Sheet. I hope it will help
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Monday 29th Nov 2004 past exam paper, stock turnover question

    Hi,

    Calculating Stock turnover formula is : Closing Stock/Cost of Sales x 12. I hope it will help

Categories

Privacy Policy