Journalize Standard Cost Entries Instructions Chart of Accounts Journal Instructions Venneman Company produced 10,000 units that require 2 standard pounds por unit at $3 standard price per pound. The company actually used 19.800 pounds in production, Required: Journalize the May 31 entry to record the standard direct materials used in production. Refer to the chart of accounts for the exact wording or the account titles. CNOW joumals do not use Nines for joumal explanations. Every ine on a journal page is used for debit or credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is entered Instructions Journal Journalize the May 31 entry to record the standard direct materials used in production Refer to the chart of accounts for the exact wording of the account tires. CNOW Journals de use lines for journal explanations. Every line on a journal page is used for debitor credit entries. CNOW journals will automatically indent a credit entry when a credit amount is on PAGE 10 JOURNAL ACCOUNTING EQUATION POST. REF DENT DESCRIPTION CREDIT ASSETS LUABILITIES EQUITY DATE 1 2 5