4 Required information The following information applies to the questions displayed below.] Hart Company made 3,100 bookshelves using 21,000 board feet of wood costing $256,200. The company's direct Part 2 of 2 materials standards for one bookshelf are 8 board feet of wood at $12.10 per board foot. 8.33 points 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. eBook (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 period-end. Hint Print Complete this question by entering your answers in the tabs below References Required 1Required 2 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 View transaction list View journal entry worksheet No Transaction General Journal Debit Credit Work in process inventory Direct materials price variance Direct materials quantity variance Raw materials inventory Required 1 Required 2> 4 Required information [The following information applies to the questions displayed below.] Hart Company made 3,100 bookshelves using 21,000 board feet of wood costing $256,200. The company's direct Part 2 of 2 materials standards for one bookshelf are 8 board feet of wood at $12.10 per board foot. 8.33 points 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. eBook (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 period-end Hint Print Complete this question by entering your answers in the tabs below References Required 1Required 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 period-end View transaction list View journal entry worksheet No Transaction General Journal Debit Credit Work in process inventory Direct materials price variance Direct materials quantity variance Raw materials inventory Required 1 Required 2