0 Replies Latest reply: Mar 31, 2015 7:45 AM by PAUL YEO RSS

    Any accountant in this forum , i seek your advise on how to compute average stock ?

    PAUL YEO
      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