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paulyeo11
Master
Master

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
22
   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
which is the correct appraoch ?
Paul

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