Shiner Rock Car Wax uses a process costing system.The company has three processing departments-mixing, melting, and packaging.Ending Work in Process Inventory of the Mixing Department consists of 3,000 cans of wax in process carrying a total cost of $14,400.These units are 80% complete with respect to materials.The equivalent cost per unit for materials and conversion costs is $2.00 and $8.00, respectively.With regard to conversion costs, what percentage of completion is the ending inventory?

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The Answer of Shiner Rock Car Wax uses a process costing system.The company has three processing departments-mixing, melting, and packaging.Ending Work in Process Inventory of the Mixing Department consists of 3,000 cans of wax in process carrying a total cost of $14,400.These units are 80% complete with respect to materials.The equivalent cost per unit for materials and conversion costs is $2.00 and $8.00, respectively.With regard to conversion costs, what percentage of completion is the ending inventory?

Shiner Rock Car Wax Uses a Process Costing System