how to calculate closing stock??
Answers
Answered by
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The General formula for calculating the closing stock is :-
Closing Stock = Opening Stock + Purchases + Direct Expenses - Cost of Goods sold
Hopes this helps you!
Closing Stock = Opening Stock + Purchases + Direct Expenses - Cost of Goods sold
Hopes this helps you!
DimpyPandit:
tysm
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Answered by
0
Answer:
The Closing Stock would be valued at 23,000
Explanation:
With the above information, we can follow the formula used for finding the Cost of Goods Sold (COGS) by filling in the missing values and taking closing stock as a variable x
COGS = Opening Stock + Net Purchases + Direct Exp. - Closing Stock
64,000 = 36,000 + 45,000 + 6000 - x
87,000 - x = 64,000
- x = 64,000 -87,000
-x= -23,000
x= 23,000
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