L When materials are transferred from the Direct Materials Inventory account to the Work-in- process Inventory account, an entry is made to debit the Direct Materials Inventory account. a. True. b. False. 2 The Direct Materials Inventory account decreases as materials are used in production. a. True. b. False. 3 Job cost systems can be used in manufacturing companies as well as service organizations. a. True. b. False 4: A product's cost should remain on the Balance Sheet until the product is sold b. False. a. True. 5: In a job order cost system, the sum of debits to the Work in Process controlling account during a particular period is equal to each of the following except a The total of debits to the Materials Inventory, Direct Labor, and Manufacturing Overhead accounts during the period. The total of direct materials, direct labor, and manufacturing overhead costs applied to jobs during the period The total of amounts entered on job cost sheets during the period. The total of credits to the Materials Inventory, Direct Labor, and Manufacturing Overhead accounts during the period. b c d