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 companys production schedule for October follows:

	Units
Work in process on October 1 (60% complete as to conversion)		6,000
Units started during October		9,500
Total units to account for		15,500
Units from beginning work in process, which were completed and transferred out during October		6,000
Units started and completed during October		6,400
Work in process on October 31 (45% complete as to conversion)		3,100
Total units accounted for		15,500

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.