Adama’s opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000
what is the average stock
-
A.
D12,000 -
B.
D7,000 -
C.
D6,000 -
D.
D5,000
Correct Answer: Option C
Explanation
Average stock = opening stock + closing stock divided by 2
thus we have; 5,000 + 7,000= 12,000
12,000 / 2 = 6,000