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it is saying all of the numbers i have is incorrect. please solve and explain and detail. thank you Assume that the following events occurred

image text in transcribedit is saying all of the numbers i have is incorrect. please solve and explain and detail. thank you
Assume that the following events occurred at a division of Generic Electric for March of the current year. 1. Purchased $100 million in direct materials. 2. Incurred direct labor costs of $57 million. 3. Determined that manufacturing overhead was $78 million. 4. Transferred 70 percent of the materials purchased to work-in-process. 5. Completed work on 75 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. Transfers-in (TI) b. Transfers-out (TO) Amount $ 205,000,000.00 million $ 153,750,000.00 million $ 51,250,000.00 million c. Ending balance (EB)

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