In reviewing activity for July, the controller of Mathis, Inc., collected the following data concerning direct materials. Assume that Mathis Company had no beginning finished goods inventory and only produced one product. Mathis sold 93,280 units during the period. Required: a. Assume Mathis writes off all variances to Cost of Goods Sold. Prepare the entries Mathis would make to record and close out the variances. b. Assume Mathis prorates all variances to the appropriate accounts. Prepare the entries Mathis would make to record and close out the variances. Complete this question by entering your answers in the tabs below. Assume Mathis writes off all variances to Cost of Goods Sold. Prepare the entries Mathis 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