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 $ 4,645 $ 7,848 Costs added this period Direct materials 10,540 6,604 Conversion 12,450 19,775 Transferred from Cutting to Binding $ 21,100 Transferred from Binding to finished goods 33,000 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