0 Required information [The following Information applies to the questions displayed below) Hart Company made 3.000 bookshelves using 22,000 board feet of wood costing $266,200. The company's direct materials standards for one bookshelf are 8 board feet of wood at $12 per board foot Hart Company records standard costs in its accounts and its materials variances in separate accounts when it assigns materials costs to the Work in Process inventory account (1) Prepare the journal entry that both charges the direct materials costs to the Work in Process Inventory account and records the materials variances in their proper accounts. (2) Assume that Hart's materials variances are the only variances accumulated in the accounting period and that they are immaterial, Prepare the adjusting journal entry to close the variance accounts at perlod-end, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry that both charges the direct materials costs to the Work In Process Inventory account and records the materiais variances in their proper accounts View transaction Journal entry worksheet 1 Record price and quantity variances. Note: Enter debits before credits. General Journal Debit Cred Transaction 1 Record entry Clear entry View general journal Assume that Hart's materials variances are the only variances accumulated in the accounting period and that they are immaterial. Prepare the adjusting journal entry to close the variance accounts at period-end. View transaction list Journal entry worksheet