During May, Arrow Industries purchased $140,000$ pounds of direct material at a total cost of $$273,000$ and paid in cash. The journal entry to record the purchase transaction is: Itable$[$l Debit,Credit$],[$A$)$ RM Inventory, $280,000,],[$DM Quantity,$\mathrm{.}7,000],[$Variance$,,273,000],[$Cash $..]]$ B$)\backslash$table$[[$RM Inventory,$252,000,],[$DM Quantity,$21,000,],[$Variance$,,273,000]]$ C$)\backslash$ table$[[$RM Inventory,$252,000,],[$DM Price Variance,$21,000,],[$Cash$,273,000]]$ D$)\backslash$table$[[$ WIP Inventory, $280,000,],[$DM Price Variance,$7,000,],[$Cash$,,273,000]]$ Multiple Choice question $-$ Example of Answer: C