Journalize Standard Cost Entries

Encinas Company produced 5,200 units that require 14 standard pounds per unit at $11.5 standard price per pound. The company actually used 75,700 pounds in production.

Journalize the entry to record the standard direct materials used in production. If an amount box does not require an entry, leave it blank.

blankAccounts PayableCashDirect Materials Price VarianceMaterialsWork in Process- Select -- Select - Accounts PayableCashCost of Goods SoldDirect Materials Quantity VarianceDirect Materials Price Variance- Select -- Select - Accounts PayableCashCost of Goods SoldMaterialsWork in Process- Select -- Select