Use the information below to answer questions 20 and 21.
| Opening stock | 4000 |
| Closing stock | 12000 |
| Purchases | 17000 |
What is the average stock?
- NI0,500
- N8.500
-
N8,000
- 6000
The correct answer is: C
Explanation
Average stock = \(\frac{\text {opening stock + closing stock}}{2}\)
\(\frac{4000+12000}{2}\)
= 8000