TB MC Qu. 3-30 (Static) Refer to the T-account below: 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 O Direct labor cost incurred in proction. Purchases of raw materials. The cost of goods manufactured transferred to Finished Goods.