Question 8 1.5 pts ndicate whether the following statement is true or false. When a job is completed, only the cost of the direct material and direct labor charged to the job are transferred from Work in Process Inventory to Finished Goods Inventory. O True O False. Question 7 Indicate whether the following statement is true or false. 1.5 pts When manufacturing overhead applied is greater than the actual manufacturing overhead for the year, the Manufacturing Overhead account will have a balance on the right side of the account prior to any adjustment. O True False