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