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 Binding Cutting $ 4,995 $ 9,540 12, 440 8, 588 19,625 11, 850 Transferred from Binding to finished goods $ 19,675 45,000 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. Ending work in process inventory Cutting Binding