Question 9 A company uses process costing to establish the cost per unit of its output. The following information was available for the last month: 10,000 9,850 300 units, 100% complete for materials and 70% complete for conversion costs 450 units, 100% complete for materials and 30% complete for conversion costs Input units Output units Opening inventory Closing inventory The company uses the weighted average method of valuing inventory. What were the equivalent units for conversion costs