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 uniformily throughout the process. The company's production schedule for October follows: Required: Calculate each of the followng amounts using weighted-average process costing 1. Equivalent units of direct material during October 2. Equivalent units of conversion activity during October