Required information [The following information applies to the questions displayed below.] Hart Company made 3,340 shelves using 22,340 pounds of wood costing $308,292. The company's direct materials standards for one shelf are 8 pounds of wood at $13.70 per pound. Hart Company uses a standard costing system. Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record the direct materials variances. View transaction list Journal entry worksheet < A Record direct materials price and quantity variances. Note: Enter debits before credits. Transaction General Journal 1 Work in process inventory Debit 366,064 Credit Direct materials price variance. 2,234 Cost of goods sold 363,830 Record entry Clear entry View general journal