Haven Industries purchased 1,000 units of product at a cost of $1.20 per unit. Haven's standard price per unit was set at $1.10. Which of the following is the correct journal entry to record the purchase?

A)

Raw materials inv 1200

Direct materials price variance 100

Accounts payable 1100

B)

Accounts payable 1200

Raw materials inv 1100

Direct materials price variance 100

C)

Raw materials 1100

Direct materials price 100

Accounts payable 1200

D)

Accounts payable 1100

Direct materials price 100

Raw materials inv 1200