Question: 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

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 Cutting Binding $ 4,520 $ 8,498 9,640 15,750 6,480 19,025 Transferred from Cutting to Binding Transferred from Binding to finished goods $ 17,395 31,000 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

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