Monty Industries purchased 7,000 units of direct material on account for $19,700, when the standard month, Monty Industries issued 5,760 units of direct materials for production, when the standard units were 6,050. Journalize the transactions for Monty Industries to account for this activity. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually, List all debit entries before credit entries.) Current Attempt in Progress Monty industries purchased 7.000 units of direct material on account for $19.700, when thestandard cost was $21,000. Later in the month, Monty Industries issued 5.760 units of direct materials for production, when the standard units were 6,050 . Journalize the transactions for Monty industries to account for this activity. (Credit account titles are automoticaliy indented when the omount is entered. Do not indent manually. List all debit entries before credit entries.)