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The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $27,225. The conversion cost for the period in the Bottling Department is $7,596. The total equivalent units for direct materials and conversion are 60,500 and 63,300 respectively. Determine the direct materials and conversion cost per equivalent unit.
Round answers to nearest cent.
Personal Liability
The legal responsibility of an individual to assume financial obligations or compensate for wrongful acts.
Uniform Partnership Act
Legislation adopted by various states in the U.S. to provide a consistent legal framework governing the operation of partnerships.
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The process of assigning responsibility to individuals for their actions or obligations, particularly in a legal or financial context.
Charging Order
An order that entitles a creditor to collect a partner’s profits.
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