T F 5. Product costs must be allocated to the units transferred out of the department and the partially completed units on hand at the end of the period.

T F 6. GM is a process manufacturer.

T F 7. The cost of factory overhead incurred for indirect materials and other factory overhead is recorded in the direct labor account for each department.

T F 8. Coca-Cola is a job order manufacturer.

T F 9. Direct labor is assumed to be added in each department.

T F 10. The cost of units sold is transferred to the finished goods account.