Titus Company purchased and used 650 pounds of tomatoes (direct materials) to produce a taco sauce with a 635 pound standard direct materials requirement. The standard materials price is $22.40 per pound. The actual price of the tomatoes was $22.20 per pound. Prepare the journal entries to record (1) the purchase of the tomatoes and (2) the tomatoes entering production. Titus records standards and variances in the general ledger.