Content AreaBrooks Company uses a standard costing system. The following information pertains to direct materials for the month of June: Standard price per lb. $15.00 Actual purchase price per lb. $14.50 Quantity purchased 3,150 lbs. Quantity used 2,980 lbs. Standard quantity allowed for actual output 3,000 lbs. Actual output 1,000 units Brooks Company reports its materials price variances at the time of purchase. What is the journal entry to record materials purchases