Units to be Assigned Costs

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 2,400 tons from the Casting Department. During July, the Rolling Department completed 2,200 tons, including 300 tons of work in process on July 1. The ending work in process inventory on July 31 was 500 tons.

How many tons were started and completed during July?

tons

Question

Business

Ruth Brandt

13 May, 04:31

Units to be Assigned Costs

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 2,400 tons from the Casting Department. During July, the Rolling Department completed 2,200 tons, including 300 tons of work in process on July 1. The ending work in process inventory on July 31 was 500 tons.

How many tons were started and completed during July?

tons

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Answers (1)

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Jamarion Davis · Answer 1

1,900 tons

Explanation:

The computation of started and completed during July is shown below:-

Beginning work in process 300 tons

Received from Casting department 2,400 tons

Total (A) 2,700 tons

Completed 2,200 tons

Ending work in process 500 tons

Total (B) 2,700 tons

Started and completed during July = Completed during the month - Opening working process

= 2,200 tons - 300 tons

= 1,900 tons

So, for computing the started and completed during July we simply applied the above formula.