Azule Company manufactures in two sequential processes, Cutting and Binding. The two processes report the information below for a recent month Cutting $ 4,445 Binding $ 8,756 Beginning work in process inventory Costs added this period Direct materials Conversion 12,540 18,150 9,828 19,775 Transferred from Cutting to Binding Transferred from Binding to finished goods $ 24,520 41,000 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 Cutting Binding Ending work in process inventory