Question

Oak Ridge Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet. The Rolling Department received 45,500 tons from the Casting Department. During July, the Rolling Department completed 57,500 tons, including 13,800 tons of work in process on July 1. The ending work in process inventory on July 31 was 1,800 tons. How many tons were started and completed during July?

Answer 1

Answer:

43,700 tons

Explanation:

Reconciliation of quantities for July:-

Total:

= Beginning work in process + Received from Casting department

= 13,800 tons + 45,500 tons

= $59,300

Total:

= Units completed during the month + Ending work in process

= 57,500 tons + 1,800 tons

= 59,300

Therefore,

Started and completed during July:

= Units completed during the month - Beginning work in process

= 57,500 tons - 13,800 tons

= 43,700 tons