Any accountant in this forum , i seek your advise on how to compute average stock ?
How to compute the average stock ?
STK_OPEN
STK_CLOSE
STOCK
STOCK - NSI
Total Stock
2015 Jan
1,941,658
1,629,748
1,785,703
1,601,154
28,594
1,629,748
2015 Feb
1,629,748
1,589,312
1,609,530
1,554,755
34,558
1,589,312
3,395,233
3,219,060
2
2
1,697,616.75
1,609,530.23
Hi All
Can you advise me in order to compute the average stock amount , should I using open and closing stock which avg amount = 1.69 million and if I using stock amount I get 1.6 million