Azule Company manufactures in two sequential processes, Cutting and Binding. The two processes report the information...

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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 $ 4,895 Binding $ 8,518 Costs added this period Direct materials Conversion 9,340 15,150 8,092 19,475 Transferred from Cutting to Binding $ 21,955 46,000 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 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 $ 4,895 Binding $ 8,518 Costs added this period Direct materials Conversion 9,340 15,150 8,092 19,475 Transferred from Cutting to Binding $ 21,955 46,000 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

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To determine the ending balances in the Work in Process WIP Inventory accounts for Cutting and Bindi... View the full answer