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 produced4,100poundsDecrease in direct materials inventory300poundsDirect materials used in production4,300poundsStandard price per pound of material$ 8.75

Required:

2. Prepare the appropriate journal entries for March.

Please choose one of the following to input under General Journal:

-No journal Entry required

-accounts payable

-accounts receivable

-cost of goods sold

-depreciation

-direct materials inventory

-direct materials purchase-price variance

-Direct Material usage variance

-finished goods inventory

-Fixed costs

-fixed overhead

-insurance

-Labor efficiency variance

-Labor rate variance

-manufacturing

-rent

-Salaries

-sales commissions

-sales revenue

-selling and administrative

-Variable costs

-variable costs

-variable overhead

-wages payable

-work-in-process inventory

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