$1.$ Notifies the materials manager to send materials to a production department. Equivalent units of productionselected answer incorrect

$2.$ Holds indirect costs until assigned to production. Equivalent units of productionselected answer incorrect

$3.$ Holds production costs until products are transferred from production to finished goods $($or another department$).$ Equivalent units of productionselected answer incorrect

$4.$ Standardizes partially completed units into equivalent completed units. Equivalent units of productionselected answer correct

$5.$ Holds costs of finished products until sold to customers. Equivalent units of productionselected answer incorrect

$6.$ Describes the activity and output of a production department for a period. Equivalent units of productionselected answer incorrect

$7.$ Holds costs of materials until they are used in production or as factory overhead. Equivalent units of production