I. Modified True / False (30 points, 2 points each). There are fifteen statements below. Some are true and some are false. Please write the word "true" or "false" in the space provided. If the statement is false, you must correct it for full-credit. Otherwise, you will only get partial credit. 1. The journal entry to record the cost of direct labor during the assembly line process is Dr. - Payroll Expense and Cr. Payroll Payable. 2. Beginning Work-in-Process Inventory + Costs Added = Amounts Completed and Transferred + Ending Work-in-Process Inventory. 3. Both Beginning Work-in-Process Inventory and Amounts Completed and Transferred are considered 100% complete. 4. Utilizing the "step down method" of allocating service department costs to operating costs will leave service department costs effectively at zero. 5. When service department costs are allocated to other departments based on sales, this penalizes departments that are the most profitable