Longman completed 70,000 glasses in 2008, at a standard cost of ($ 364,000). The company sold all

Question:

Longman completed 70,000 glasses in 2008, at a standard cost of $\$ 364,000$. The company sold all of them on account at a sale price of $\$ 8.00$ each. There were no beginning or ending inventories of any kind. Record the journal entries for the completion and sale of the 70,000 glasses.

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