Calculate the value of the unused stock from the information below.

Given:

opening stock #1,800
purchases #2,800
sales #8,000
closing stock # 350
carriage on sales # 500

A. #800
B. #500
C. #350
D. #320

Correct Answer:

Option C – #350

Explanation

Unused stock can also be referred to closing stock. that is the left over stock after-sales. In this case, closing stock is 350