Recognition of revenue from sale of finished goods is: Multiple Choice O An asset use transaction. O An asset exchange transaction. O An asset source transaction. O A claims exchange transaction. Which source document provides information for the journal entry to transfer costs from the Work in Process Inventory account to the Finished Goods Inventory account? Multiple Choice O Job cost sheet O Work ticket O Standard cost card O Materials requisition Factory insurance is an indirect product cost and part of overhead. True or False True False
