Select each of the items with the best description of its purpose. 1. Holds costs of finished products until sold to customers. Description 2. Holds costs of materials until they are used in production or as factory overhead. 3. Describes the activity and output of a production department for a period. 4. Notifies the materials manager to send materials to a production department 5. Combines units and costs across two periods in computing equivalent units. 6. Holds indirect cost until assigned to production 7. Used when materials move continuously through a manufacturing process. Items Items Finished goods inventory account Raw materials inventory account Process cost summary Materials requisition Weighted-average method Process cost summary Materials requisition Weighted-average method Factory overhead account Materials consumption report