Gates Corporation reported the following information concerning its direct materials. Assume that Gates Company had no beginning finished goods inventory and only produced one product. Gates sold 36,000 units during the period. Required: a. Assume Gates writes off all variances to Cost of Goods Sold. Prepare the entries Gates would make to record and close out the variances. b. Assume Gates prorates all variances to the appropriate accounts. Prepare the entries Gates would make to record and close out the variances. Assume Gates writes off all variances to Cost of Goods Sold. Prepare the entries Gates would make to re variances. (If no entry is required for a transaction/event, select "No journal entry required" in the first a Journal entry worksheet Record the standard cost of materials used and the materials efficiency variance. Note: Enter debits before credits. Assume Gates prorates all variances to the appropriate accounts. Prepare the entries Gates would make to record and close out the variances. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the standard cost of materials used and the materials efficiency variance. Note: Enter debits before credits