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

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Accounting

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 $ 4,570 $ 8,524
Costs added this period
Direct materials 11,840 6,480
Conversion 17,550 18,725
Transferred from Cutting to Binding $ 19,675
Transferred from Binding to finished goods 38,000

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.

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