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 Cutting $4,020 Binding $7,588 Costs added this period 11 Direct materials Conversion 12,840 14,850 6,604 18,575 Transferred from Cutting to Binding $24,235 42,000 Transferred from Binding to finished goods 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