Assume that the following events occurred at Lakewood, Incorporated last month.

Incurred direct labor costs of $$300,000.$

Completed work on $70$ percent of the work in process. Costs are assigned equally across all work in process.

Transferred $80$ percent of the materials purchased to work in process.

Purchased $$550,000$ in direct materials.

Determined that manufacturing overhead was $$485,000.$

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:

Amount

a$.$ Transfers$-$in $($TI$)$ $$1,335,000$

b$.$ Transfers$-$out $($TO$)$ $$934,500$

c$.$ Ending balance $($EB$)$ $$400,500$

What did I do wrong?