Shoe Glass Manufacturing Company castings and other glass parts to various customers as per order. The Company uses Job Order Costing system. For the current year 2021, the company estimated that it would work 400,000 machine-hours and will incur P2,800,000 in manufacturing overhead cost. The company had no work in process at the beginning of the year. The entire month of January was spent on Job Order 777, which was an order for 4,000 window glass parts. Cost data for January as follows: Requirement: CREATE A JOURNAL ENTRY if The completed job was moved into the finished goods warehouse on January 31 to await delivery for the customers. (Assuming that all work in process has been completed)
Shoe Glass Manufacturing Company castings and other glass parts to various customers as per order. The Company uses
The company had no work in process at the beginning of the year. The entire month of January was spent on Job Order 777, which was an order for 4,000 window glass parts. Cost data for January as follows:
Requirement:
CREATE A
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