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Average stock is derived by adding

Commerce
JAMB 2022

Average stock is derived by adding

  • A. closing stock to purchase divided by 2
  • B. closing stock to opening stock
  • C. opening stock to closing stock divided by 2
  • D. opening stock to purchases
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Correct Answer: Option C
Explanation

Average stock is calculated as : Opening stock + Closing stock/2

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Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent