Exercise 4-17 Equivalent Units; Weighted-Average (LO 4-1, 4-3) Rainbow Glass Company manufactures decorative glass produ

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Exercise 4-17 Equivalent Units; Weighted-Average (LO 4-1,
4-3)
Rainbow Glass Company manufactures decorative glass products.
The firm employs a process-costing system for its manufacturing
operations. All direct materials are added at the beginning of the
process, and conversion costs are incurred uniformly throughout the
process. The company’s production schedule for October
follows:
Required:
Calculate each of the following amounts using weighted-average
process costing.
1. Equivalent units of direct material during
October.
2. Equivalent units of conversion activity
during October.