Assume that the following events occurred at a division of Generic Electric for March of the current year 1 Purchased $90 million in direct materials 2 Incurred direct labor costs of $57 million 3 Determined that manufacturing overhead was $72 million 4 Transferred 90 percent of the materials purchased to work in process 5 Completed work on 70 percent of the work in process Costs are assigned equally across all work in process 6 The inventory accounts have no beginning balances All costs incurred were debited to the appropriate account and credited to Accounts Payable Required Give the amounts for the following items in the Work in process account (Do not round your intermediate calculations Enter your final answers in millions rounded to 2 decimal places ) a Transfer In (TI) b Transfer Out (TO) c End balance (EB)

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Assume that the following events occurred at a division of Generic Electric for March of the current year: 1. Purchased $90 million in direct materials.

Assume that the following events occurred at a division of Generic Electric for March of the current year:

1. Purchased $90 million in direct materials.
2. Incurred direct labor costs of $57 million.
3. Determined that manufacturing overhead was $72 million.
4. Transferred 90 percent of the materials purchased to work-in-process.
5. Completed work on 70 percent of the work-in-process. Costs are assigned equally across all work-in-process.
6. The inventory accounts have no beginning balances. All costs incurred were debited to the appropriate account and credited to Accounts Payable.

Required:

Give the amounts for the following items in the Work-in-process account: (Do not round your intermediate calculations. Enter your final answers in millions rounded to 2 decimal places.)

a. Transfer-In (TI): ?

b. Transfer-Out (TO):?

c. End balance (EB): ?