A Company purchased and used 5,400 pounds of direct materials to produce a product with...
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Accounting
A Company purchased and used 5,400 pounds of direct materials to produce a product with a 5,150 pound standard direct materials requirement. The standard material price is $5.70 per pound. The actual materials price was $5.85 per pound. Journalize the entry to record the standard materials used in production. OK to abbreviate DM for direct materials Do NOT enter $ symbol or decimals for amounts 2 answers should be blank, enter "blank" or leave blank Dr. Account Cr. Amount Cr. Account Dr. Amount $ $ $ $
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