Standard Cost Journal Entries Bellingham Company produced 5,600 units that require 15 standard pounds per unit at a $5.5 standard price per pound. The company actually used 86,500 pounds in production. Journalize the entry to record the standard direct materials used in production. For a compound transaction, if an amount box does not require an entry, leave it blank. Work in Process 462,000 Direct Materials Quantity Variance 9 Materials