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

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. $ 1,900
Direct materials $ 1,420 2,286
Conversion 3,650 3,350
Costs added during March
Direct materials $ 13,340 $ 9,704
Conversion 13,500 19,625
Transferred in from cutting dept. 23,095
Transferred to finished goods 46,000


Determine the ending balances in the Work in Process Inventory accounts of each department.

cutting binding
ending work in process

Solutions

Expert Solution

Cutting Binding
Ending work in Process                   8,815                             13,960
Workings:
Cutting:
Beginning work in process                   5,070 =1420+3650
Costs added during March                 26,840 =13340+13500
Total costs                 31,910
Less:Transferred to Binding dept.                 23,095
Ending work in Process                   8,815
Binding:
Beginning work in process                   7,536 =1900+2286+3350
Costs added during March                 52,424 =9704+19625+23095
Total costs                 59,960
Less:Transferred to finished goods                 46,000
Ending work in Process                 13,960

ekkarill92 answered 1 year ago
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