To correctly allocate costs to products within a continuous production environment, we are required to cost both the units completed and the partially complete units still in Work in Process (WIP). To achieve this, we use the concept of equivalent units: Calculate the equivalent complete units based on the level of completion of the partially complete WIP. Complete the following: A company had 1917 units in opening WIP and started 20773 during the month and completed 15204 units and the closing WIP units were 100% complete in relation to Direct Materials (DM) and 38% complete in relation to Conversion Costs (CONV). The company's costs (including opening WIP and Incurred during the month were: DM costs $95382 and CONV costs $78502 Calculate the COST of the closing WIP in relation to CONVERSION (ONLY) for this month? Note - only use WHOLE UNITS - by rounding if necessary