QS 3-20 (Algo) Transfer of costs; ending WIP balances LO P4 Azule Company manufactures in two sequential processes, Cutting and Binding. The two processes report the information below for a recent month. Beginning work in process inventory Costs added this period Direct materials Conversion Transferred from Cutting to Binding Cutting Binding $ 4,770 $ 7,934 13,140 13,500 8,836 19,175 $18,820 46,000 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