Stock Consumed Formula

Stock Consumed Formula

Stock or raw material consumed can be calculated by the following formula.

Stock Consumed = opening stock + purchases – closing Stock

Example

Opening Stock – Raw material = 10,000

Closing Stock – Raw material = 5,000

Purchases- Raw material= 40,000

What would be stock consumed

Solution

Opening Stock – Raw material         = 10,000

Add: Purchases- Raw material=          40,000

Closing Stock – Raw material =          (8,000)

Raw material consumed                     42,000