Ingredient B4376 is used to make Razor Corporation's major product. The standard cost of Ingredient B4376 is $24.50 per ounce and the standard quantity is 6.1 ounces per unit of output. In the most recent month, 5,030 ounces of the compound were used to make 700 units of the output. When retording the use of materials in production under a standard costing system, Materials Inventory would be: debited for $123,235. credited for $104,615. debited for $104,615. credited for $123,235