Question

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. $ 2,100
Direct materials $ 1,495 2,670
Conversion 3,700 4,500
Costs added during March
Direct materials $ 9,740 $ 6,480
Conversion 19,050 18,575
Transferred in from cutting dept. 21,385
Transferred to finished goods 37,000


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

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Answer #1
Computation of Ending WIP
Particulars Cutting Binding
Beginning WIP:
Transferred in from Cutting $0.00 $2,100.00
Direct Materials $1,495.00 $2,670.00
Conversion $3,700.00 $4,500.00
Total $5,195.00 $9,270.00
Transferred in from Cutting $0.00 $21,385.00
Direct materials $9,740.00 $6,480.00
conversion $19,050.00 $18,575.00
Total costs $33,985.00 $55,710.00
Less: Transferred to Binding $21,385.00 $0.00
Less: Transferred to Finished goods $0.00 $37,000.00
Ending WIP $12,600.00 $18,710.00
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