Assignment Task:
The Rolling Department of Oak Ridge Steel Company had 4,800 tons in beginning work in process inventory (60% complete) on July 1. During July, 80,400 tons were completed. The ending work-in-process inventory on July 31 was 4,000 tons (40% complete). What are the total equivalent units for direct materials for July if materials are added at the beginning of the process?
The Rolling Department of Oak Ridge Steel Company had 4,494 tons in beginning work in process inventory (90% complete) on July 1. During July, 74,900 tons were completed. The ending work-in-process inventory on July 31 was 6,741 tons (10% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit?