Respond that the following statements are TRUE or FALSE:

1) When raw materials are purchased on account, the Accounts Payable account is credited.

2) The Raw Materials Inventory account is debited when direct materials are issued for production.

3) When indirect materials are issued to production, the Manufacturing Overhead account is credited.

4) When indirect materials are issued to production, the Raw Materials Inventory account is credited.

5) Direct labor costs are accumulated in the Manufacturing Overhead account.