Business, 07.04.2020 22:05 nichelle2807

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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Answer from: codie1103

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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Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report...

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