Cost price (Purchase price) or market price whichever is less that would be taken as Closing Stock
To calculate the closing stock for a shop, you need to consider the beginning inventory, purchases made during the period, and sales made during the period. The closing stock is calculated by adding the beginning inventory and purchases made during the period, and then subtracting the sales made during the period. The remaining balance is the closing stock.
Cost price (Purchase price) or market price whichever is less that would be taken as Closing Stock
Cost of sales = opening stock + purchases-closing stock Cost of sales = opening stock + purchases-closing stock
Stock turnover period = Closing stock x 365 / cost of sales
"Closing number?" Closing price is the last price that the stock traded before the closing bell. Closing number could be the amount of shares that traded that day? Not quite clear on the question.
Billy Ocean is a trader in seafood. The firm uses a margin of 1/6. For the month of May 2017 his opening stock was 70,000, purchases as $250,000, and closing stock was $120,000. What as his sales?
Total Sales + Closing Stock - Opening Stock - Goods Sent To Branch
closing stock calculation formula? closing stock calculation formula? closing stock calculation formula? yes how can i do the closing stock calculation?
annual cost of sales=1800000 opening stock of finished goods=60000 finished goods storage period:10 days assuming 360 days in a year, the closing stock of finished goods is=??
opening stock +purchase-sales =closing stock
=Opening stock+receipt - issue = closing stock
Debit : Closing Stock a/c