Description Items

$1.$ Notifies the materials manager to send materials to a production department.

$2.$ Holds indirect costs until assigned to production.

$3.$ Holds production costs until products are transferred from production to finished goods $($or another department$).$

$4.$ Standardizes partially completed units into equivalent completed units.

$5.$ Holds costs of finished products until sold to customers.

$6.$ Describes the activity and output of a production department for a period.

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