Cox Company's direct material cost information for May is as follows:

Actual quantity purchased ............... 18,000

Actual unit purchase price................ 3.60

Standard unit purchase price............. 3.40

Standard quantity allowed for actual production 16,000

Actual quantity used....................... 15,000

Direct material price variance............ 3,600

Direct material efficiency variance........ 3,400

1) Prepare the journal entry to record the purchase of direct materials

2) Prepare the journal entry to record the usage of direct material