Adama’s opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000
A. D12,000
B. D7,000
C. D6,000
D. D5,000
Correct Answer: Option C
C. D6,000
Explanation
Average stock = opening stock + closing stock divided by 2
thus we have; 5,000 + 7,000= 12,000
12,000 / 2 = 6,000
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