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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 Direct materials $ 1,270 2,718 Conversion 2,950 4,000 Costs added during March Direct materials $ 9,140 $ 9,084 Conversion 13,650 19,175 Transferred in from cutting dept. 23,380 Transferred to finished goods 39,000 Determine the ending balances in the Work in Process Inventory accounts of each department.

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akiran007

Answer:

The Ending WIP for Cutting Department= $1680

The Ending WIP for Binding Department= $ 21307

Explanation:

Azule Co.

                                                       Cutting               Binding

Transferred in from cutting dept.                           $ 1,950

Beginning work in process

Direct Materials                               $ 1,270                 2,718

Conversion                                        2,950                 4,000

Transferred out from cutting dept. ( $ 1,950)                        

Total Costs                                       2270                  8668

Costs added during March

Direct materials                                 $ 9,140              $ 9,084

Conversion                                         13,650                19,175

Transferred in from cutting dept.                                23,380

Transferred out from cutting dept.   (23,380)                                

Transferred to finished goods                                        (39,000)

Ending WIP                                             1680                     21,307

The brackets indicate that the amounts are subtracted from the sum of  all.

The Ending WIP for Cutting Department= $1680

The Ending WIP for Binding Department= $ 21307

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