Wildhorse Company uses standard costing and recognizes all variances as soon as they are known. In the year just ended, Wildhorse debited the DM Inventory account for $320,850 when it purchased DM on account. It further credited DM Inventory for $252,960 when it transferred materials into production, while debiting WIP Inventory for $297,600 to recognize the standard DM cost of these units produced. The company accrued $453,600 in wages to its production workers for this period's 30,240 hours of work. Also known by the end of the year were the following two variances: the DM price variance was $10,350 unfavorable, and the DL flexible budget variance was $5,600 unfavorable. Partial information on the company's DM and DL standards are reproduced here: (a) Recreate Wildhorse Company's journal entries for the following three transactions: (1) the purchase of DM, (2) the use of DM (i.e., transfer to production), and (3) the DL cost incurred (accrued). (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) No. Account Titles and Explanation Debit Credit (1) (2) (3)