The following information relates to Mallam Amidu Kachella for the year ended 31/12/2005. # Opening stock 4,000 Purchases 16,000 Sales 30,000 Debtors 6,500 ...

Answer Details

The average stock is #4,800. To calculate the average stock, we need to add the opening and closing stock and divide by two. Average stock = (Opening stock + Closing stock) / 2 = (4,000 + 5,600) / 2 = 9,600 / 2 = #4,800 Therefore, the average stock is #4,800.