Azule 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 $ 4,670 $ 8,624 Costs added this period Direct materials 13,940 7,720 Conversion 12,750 19,175 Transferred from Cutting to Binding $ 25,090 Transferred from Binding to finished goods 48,000 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.