Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information below for a recent month. Cutting Binding $ 1,320 3,150 $ 1,650 2,766 3,900 Beginning work in process Transferred in from cutting dept. Direct materials Conversion Costs added during March Direct materials Conversion Transferred in from cutting dept. Transferred to finished goods $ 9,640 $ 9,704 12,450 19,775 24,520 37,000 Determine the ending balances in the Work in Process Inventory accounts of each department. Cutting Binding Ending work in process Hotwax makes surfboard wax in two sequential processes. This period, Hotwax purchased $70,000 in raw materials. Its mixing department requisitioned $50,500 of those materials for use in production. Prepare journal entries to record its purchase of raw materials and requisition of direct materials. View transaction list View Journal entry worksheet No Transaction General Journal Debit Credit Raw materials inventory