[The following information applies to the questions displayed below.) Hart Company made 3,020 bookshelves using 22,020 board feet of wood costing $268,644. The company's direct materials standards for one bookshelf are 8 board feet of wood at $1210 per board foot Exercise 23-14A Recording and closing materials variances LO P6 Hart Company uses a standard costing system, (1) Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record the materials variances (2) Assume that Hart's materials variances are the only variances accumulated in the accounting period and that they are immaterial Prepare the adjusting journal entry to close the variance accounts at period end Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record the materials variances, Required 1 Required 2 Prepare the journal entry to charge direct materials costs to Work in Process Inventory and record th View transaction list Journal entry worksheet ces Record price and quantity variances. Note: Enter debits before credits. General Journal Transaction 1 Debit Credit Record entry Clear entry View general Journal Required 2 > View transaction list Journal entry worksheet