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

1. Purchased $15 million in direct materials.
2. Incurred direct labor costs of $8 million.
3. Determined that manufacturing overhead was $13.5 million.
4. Transferred 70 percent of the materials purchased to work-in-process.
5. Completed work on 65 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.

Give the amounts for the following items in the work-in-process accounts:

a. Transfers-in
b. Transfers-out
c. Ending balance