A company uses process costing to value its output. The following was recorded for the periods: Input Materials 5,000 units at 5 per unit Conversion costs $10,000 Normal Loss 20% of input valued at 2 per unit Actual loss 100 units There is no opening or closing stocks. What was the valuation of one unit of output (rounding to two decimal places)? Question 12 Answer a. 7.40/unit b. 8.25/unit c. 6.00/unit d. 8.34/unit