At the beginning of tAzule Company manufactures in two sequential processes, Cutting and Binding. The two processes report the information below for a recent month. Cutting Binding Beginning work in process inventory $ 4,395 $ 8,758 Costs added this period Direct materials 11,740 8,216 Conversion 18,150 18,875 Transferred from Cutting to Binding $ 24,520 Transferred from Binding to finished goods 36,000 Determine the ending balances in the Work in Process Inventory accounts for Cutting and for Binding. Hint: Set up T-accounts for Work in Process Inventory for both Cutting and for Binding.he year, a company estimates total overhead costs of $578,100. The company applies overhead using machine hours and estimates it will use 1,410 machine hours during the year. What amount of overhead should be applied to Job 65A if that job uses 14 machine hours that year