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
- D12,000
- D7,000
-
D6,000
- D5,000
The correct answer is: 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