Question

Kraus 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 57,200 tons from the Casting Department in October. During October, the Rolling Department completed 65,100 tons, including 11,300 tons of work in process on October 1. The ending work in process inventory on October 31 was 3,400 tons. How many tons were started and completed during October

Answer 1

The Kraus Steel Company ended producing about 7900 tons of inventory during the month of October.

What is inventory?

The amount of finished goods available in the warehouses or storage of an organization during a given period, which is ready to be sold in the market, is known as the inventory.

The produced inventory can be calculated using the given information as,

Inventory produced=Beginning Work in Process-Ending Work in Process

Inventory Produced =11300-3400=7900 tons

Hence, the significance of inventory produced is aforementioned.

Learn more about inventory here:

brainly.com/question/14184995

#SPJ1