TRex Inc. uses standard costing. The Materials inventory account has a balance of 1,000 pounds at a standard cost of $5 per pound. Which T-account entry should a company make when 680 pounds are taken from the Materials storeroom and put into production? The standard quantity is 700 pounds. Work in process 3,400 Work in process 3,500 Work in process 3,500 Work in process 3,400 Materials Inventory Materials Inventory Materials Inventory Materials Inventory 3,500 100 3,400 3,400 Quantity variance Quantity variance Quantity variance Quantity variance 100 3,400 100 TRex Inc. uses standard costing. The Materials inventory account has a balance of 1,000 pounds at a standard cost of $5 per pound. Which T-account entry should a company make when 680 pounds are taken from the Materials storeroom and put into production? The standard quantity is 700 pounds. Work in process 3,400 Work in process 3,500 Work in process 3,500 Work in process 3,400 Materials Inventory Materials Inventory Materials Inventory Materials Inventory 3,500 100 3,400 3,400 Quantity variance Quantity variance Quantity variance Quantity variance 100 3,400 100