Sweetwater Company manufactures two products, Mountain Mist and Valley Stream. The company prepares its master budget on the basis of standard costs. The following data are for March. Standards Direct materials Direct labor Variable overhead (per direct labor-hour) Fixed overhead (per month) Expected activity (direct labor-hours) Actual results Direct material (purchased and used) Direct labor Variable overhead Fixed overhead Units produced (actual) Mountain Mist 17 ounces at $15 per ounce 19 hours at $60 per hour $48 $298,350 19,890 Valley Stream 18 ounces at $16.50 per ounce 20 hours at $75 per hour $52.50 $989,600 24,740 17,240 ounces at $13.50 per ounce 18,760 hours at $60.75 per hour $942,550 $268,515 1,000 units 20,800 ounces at $17.25 per ounce 24,900 hours at $76.50 per hour $1,274,510 $978,000 1,200 units Assume that the company carries no beginning or ending inventories. Sales in March totaled $3,220,000 for both products combined. Required: Prepare the journal entries to record the activity for the last month using standard costing. Assume that all variances are closed to Cost of Goods Sold at the end of the month. A B C D E F G H Record the actual costs of direct Materials incurred.