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Problem 8-62 (Algo) Determine Degree of Completion: FIFO Method, Missing Data (LO 8-1,5) Saline Solutions uses process costing to account for production of its unique compound BG at its River Plant. The River Plant has two departments: Rand S. Raw materials are added at two points in the production of BG. First, rubber pellets are added at the beginning of production in Department R. Next, a liquid thinner is added in Department R when the product is 60% complete with respect to conversion costs. Once the basic compound is completed in Department R. it is transferred to Department Sfor mixing and packaging. The following information is available from the River Plant for May (No new material is added in Department S.) Department S Production and Costs: May Beginning inventory (54,000 unkts, 201 complete with respect to Department s costs) Total cost (Department R and Department S) cost: Beginning inventory Current work (510,000 units started) Department R costs Department s costs $ 487,844 $3,455,600 1,497,916 Department Ruses FIFO process costing to account for production. In January, beginning work-in-process inventory consisted of 54.000 units, BO percent complete with respect to conversion. The cost of rubber pellets put in production in January was $2,390,000. The cost of thinner introduced into production in January was $1195.000. Reported costs per equivalent unit for January were $4.50 per equivalent unit of rubber pellets and $2.25 per equivalent unit for thinner, Required: Based on the information available, the ending work in process inventory in January was: Based on the information available, the ending work-in-process inventory in January was: Multiple Choice At least 60 percent complete with respect to conversion cost. Less than 60 percent complete with respect to conversion cost. Exactly 60 percent complete with respect to conversion cost. There is not enough information to determine the degree of completion