Question: 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

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 $ 5,020 $ 9,300

Costs added this period Direct materials 11,640 8,712

Conversion 18,000 19,325 Transferred from

Cutting to Binding $ 21,955 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. Cutting Binding Beginning work in process inventory $ 5,020 $ 9,300 Costs added this period Direct materials 11,640 8,712 Conversion 18,000 19,325 Transferred from Cutting to Binding $ 21,955 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.

Ending work in progress inventory cutting =

Ending work in progress inventory binding =

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