A company purchases $650,000 of materials on credit. The standard cost for the materials is $675,000. Which of the following would be the correct journal entries to record the purchase under a standard costing system?

A.

Direct Materials Control	$675,000
Direct Materials Price Variance		$25,000
Accounts Payable Control		$650,000

B.

Accounts Payable Control	$655,000
Direct Materials Price Variance	$25,000
Direct Materials Control		$675,000

C.

WIP Control	$675,000
Direct Materials Price Variance		$25,000
Accounts Payable Control		$650,000

D.

Accounts Payable Control	$655,000
Direct Materials Price Variance	$25,000
WIP Control		$675,000