azule company manufactures in two sequential processes, cutting and binding. the two processes report the information below for a recent month. a beginning work in process inventory costs added this period direct materials conversion cutting binding $ 3,445 $ 6,426 8,240 11,100 6,356 18,575 transferred from cutting to binding transferred from binding to finished goods $ 15,685 30,000 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.