11 The following costs were debited to work in process account: Materials placed in process P180,000 Direct labor cost P250,000 Factory overhead P220,000 At the end of the month the cost of the completed goods totaled P500,000. How much is the ending balance of work in process? During the month, the business entity incurred factory overhead as follows: indirect materials P75,000, indirect labor 80,000, utilities cost P25,000 depreciation P50,000. The entry to record this include: A Debit to Utilities Payable 25,000 B Debit to Factory Overhead 230,000 C Debit to Accumulated Depreciation 50,000 D Debit to Wages Payable 80,000 E Debit to Materials 75,000