uring month of May, Arrow Industries manufactured 19,000 units of product using 21,600 pounds of direct materials which had purchased at $1.95 per pound. The urnal entry to record the materials usage transaction is: rrow Industries employs a standard cost system in which direct materials inventory carried at standard cost. Arrow has established the following standards for the rime costs of one unit of product. During May, Arrow Industries purchased 140,000 pounds of direct material at a total cost of $273,000 and paid in cash. The journal entry to record the purchase transaction is: During month of May, Arrow Industries manufactured 19,000 units of product and paid $61,000 for the total of 5,000 direct labor hours. The journal entry to record the abor usage transaction is: Arrow Industries manufactured 19,000 units of product during May and paid $61,000 for the total of 5,000 direct labor hours. The journal entry to record the labor usage transaction is: Multiple Choice question - Example of Answer: C