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 Costs added this period $ 4,845 $ 8,788 Direct materials 10,740 9,332 Conversion 16,500 18,725 Transferred from Cutting to Binding $ 24,235 Transferred from Binding to finished goods 40,000 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