QS 16-20 Transfer of costs; ending WIP balances LO C3 Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information below for a recent month....

Extracted text: QS 16-20 Transfer of costs; ending WIP balances LO C3 Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information below for a recent month. Cutting Binding Beginning work in process Transferred in from cutting dept. $ 1,950 $ 1,195 3,250 Direct materials 2,670 4,550 Conversion Costs added during March Direct materials Conversion $12,940 $ 6,852 19,175 22,525 32,000 14,550 Transferred in from cutting dept. Transferred to finished goods Determine the ending balances in the Work in Process Inventory accounts of each department. Cutting Binding Ending work in process