Assume that the following events occurred at a division of Paradigm Company for March of the current year: Purchased $15 million in direct materials. Incurred direct labor costs of $8 million. Determined that manufacturing overhead was $13.5 million. Transferred 70 percent of the materials purchased to work-in-process. Completed work on 65 percent of the work-in-process. Costs are assigned equally across all work-in-process. The inventory accounts have no beginning balances. All costs incurred were debited to the appropriate account and credited to Accounts Payable. The work in process transferred-out costs is A) $11.2 million B) $20.8 million C) $32.0 million D) $36.5 million E) none of the above