DescriptionItems$1.$ Notifies the materials manager to send materials to a production department$\mathrm{.}2.$ Holds indirect costs until assigned to production$\mathrm{.}3.$ Holds production costs until products are transferred from production to finished goods $($or another department$)\mathrm{.}4.$ Standardizes partially completed units into equivalent completed units$\mathrm{.}5.$ Holds costs of finished products until sold to customers$\mathrm{.}6.$ Describes the activity and output of a production department for a period$\mathrm{.}7.$ Holds costs of materials until they are used in production or as factory overhead.