Question

For which of the following products is it appropriate to recognize revenue at the completion of production even though no sale has been made?

1) automobiles
2) large appliances
3) single family residential units
4) precious metals

Answer 1

Revenue recognition at completion of production for automobiles and precious metals.

Step-by-step explanation:

For which of the following products is it appropriate to recognize revenue at the completion of production even though no sale has been made?

1. Automobiles
2. Large appliances
3. Single family residential units
4. Precious metals

Out of the given options, it is appropriate to recognize revenue at the completion of production even though no sale has been made for automobiles and precious metals. These products are considered as durable goods and can be sold at a later time after production is completed.