2 Refer to the T-account below: Work In Process Debit Credit Balance 30, 000 (12) 270, 000 (4) 90,000 (6) 70, 000 (9) 110, 000 Balance 30, 000 Entry (12) could represent which of the following? Multiple Choice () Direct labor cost incurred in production. O Purchases of raw materials. O The cost of goods manufactured transferred to Finished Goods. O The cost of indirect materials incurred in production