1. calculate the first production department's equivalent units of production for materials and conversion for may. 2. compute the first production department's cost per equivalent unit for materials and conversion for may. 3. compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for may. 4. compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total for may.

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.