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 $ 4,620 $ 9,406 Costs added this period Direct materials 11,440 6,976 Conversion 16,350 19,775 Transferred from Cutting to Binding $ 16,255 Transferred from Binding to finished goods 32,000 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.

Azule Company manufactures in two sequential processes, Cutting and Binding. The two processes report the information below for a recent month. 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