Robin Company purchased and used 520 pounds of direct materials to produce a product with a 510 pound standard direct materials requirement. The standard materials price is $2.10 per pound. The actual materials price was $2.00 per pound.

Robin records standards and variances in the general ledger.

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1. Prepare the journal entries to record the purchase of the materials. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".

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2. Prepare the journal entries to record the material entering production. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".