omework A(21-24,21,28) 1 Saved In reviewing activity for July, the controller of Mathis, Inc., collected the following data concerning direct materials. Actual production Direct materials purchased (actual) Standard cost of materials purchased Standard direct materials costs per unit produced Standard price times actual amount of materials used 119,000 units $2,026,800 1,586,000 437.950 Assume that Mathis Company had no beginning finished goods Inventory and only produced one product. Mathis sold 104720 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. Required A Required B Assume Mathis prorates all variances to the appropriate accounts. 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 Held) View transaction list Journal entry worksheet Proy 2 of 6 !!! Next > View transaction list Journal entry worksheet A B C Record the standard cost of materials used and the materials efficiency variance Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal to search DOLL Assume Mathis writes off all variances to Cost of Goods Sold. Prepare the entries Mathis would make to record wariances. (IT no entry is required for a transaction/event, select "No journal entry required in the first account View transaction list Journal entry worksheet arch DOLL Assume Mathis writes off all variances to Cost of Goods Sold. Prepare the entries Mathis would make to recordar variances. (If no entry is required for a transaction/event, select "No journal entry required in the first account View transaction list Journal entry worksheet Record the closure of direct labor cost variances to Cost of Goods Sold. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general Journal search DLL F10