Steinberg Company had the following direct materials costs for the manufacturing of product T in March:

Actual purchase price per pound of direct materials$ 9.20

Standard direct materials allowed for units of product T produced4,100pounds

Decrease in direct materials inventory300

poundsDirect materials used in production4,300pounds

Standard price per pound of material$ 8.75

Required:

2. Prepare the appropriate journal entries for March.

PLEASE VERIFY IF TRANSACTION #1 IS CORRECT AND DO TRANSACTION #2.

Positive review will be left if done correctly!

2. Prepare the appropriate journal entries for March. Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entries for March. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round final answers to the nearest whole dollar amount.) Journal entry worksheet Record the cost of purchases during the month. Note: Enter debits before credits. 2. Prepare the appropriate journal entries for March. Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entries for March. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round final answers to the nearest whole dollar amount.) Journal entry worksheet Record the standard direct materials cost for this period's production. Note: Enter debits before credits