Identify each of the following production features as applying more to job order operations, to process operations, or to both job order and process operations. 1. Transfers costs from a Work in Process Inventory account to a Finished Goods Inventory account 2. Uses only one Work in Process Inventory account 3. Uses mass production of standardized products 4. Uses indirect costs Process operation 5. Cost object is a job or job lot. 6. Uses more than one Work in Process inventory account Select each of the items with the best description of its purpose. Items Description 1. Computes equivalent units only on production activity in the current period 2. Holls costs of finished products und sold to customers. 3. Holds costs of materials until they are used in production or as factory overhead, 4. Describes the activity and output of a production department for a period. 5. Notifies the materials manager to send materials to a production department 6. Used when materials move continuously through a manufacturing process 7. Holds indirect costs until assigned to production Factory Overhead account Raw Materials inventory account Production cost report Materials requisition Material consumption report Factory Overhead account