Azule Company manufactures in two sequential processes, Cutting and Binding. The two processes report the information...

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Azule Company manufactures in two sequential processes, Cutting and Binding. The two processes report the information below for a recent month. Cutting Beginning work in process inventory $ 4,595 Binding $ 9,886 Costs added this period Direct materials 12,540 7,844 Conversion 13,200 18,725 Transferred from Cutting to Binding. $ 16,540 36,000 Transferred from Binding to finished goods 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. Ending work in process inventory Cutting Binding Azule Company manufactures in two sequential processes, Cutting and Binding. The two processes report the information below for a recent month. Cutting Beginning work in process inventory $ 4,595 Binding $ 9,886 Costs added this period Direct materials 12,540 7,844 Conversion 13,200 18,725 Transferred from Cutting to Binding. $ 16,540 36,000 Transferred from Binding to finished goods 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. Ending work in process inventory Cutting Binding