CoursHeroTranscribedText: Exercise 4-17 Equivalent Units; Weighted-Average (LO 4-1, 4-3) 053 Rainbow Glass Company manufactures decorative glass products. The rm employs a processcosting system for its manufacturing polnts 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: Units ! work in process on October 1 (78% complete as to conversion) 3,266 539" Units started during October 5:366 Total units to account for 3:566 E Units from beginning work in process, which were completed and transferred out during October 3,266 demnces Units started and completed during October 3,666 Work in process on October 31 (30% complete as to conversion) 1:766 Total units accounted for Required: Calculate each ofthe following amounts using weighted-average process costing, 1. Equivalent units of direct material during October. 2 Equivalent units of conversion activity during October, Direct malarial 2. Conversion