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: Units 4,800 7,700 12,500 Work in process on October 1 (78% complete as to conversion) Units started during October Tatal units to account for units from beginning work in process, which were completed and transferred out during October units started and completed during October Work in process on October 31 (40% complete as to conversion) Total units accounted for 4, see 5,200 2,500 12,500 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 Equivalent Units 1. Direct material 2. Conversion Idaho Lumber Company grows, harvests, and processes timber for use in construction. The following data pertain to the firm's sawmill during November Work in process, November 1 Direct saterial Conversion Costs incurred during November Direct material Conversion $ 83,500 122,600 3471, see 756,000 The equivalent units of activity for November were as follows: 7400 equivalent units of direct material and 2,300 equivalent units of conversion activity: Required: Calculate the cost per equivalent unit for both direct material and conversion during November. Use weighted average process costing Cost per Equivalent Unit Direct material Conversion