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what is the average stock

Commerce
WAEC 2017

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
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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

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