Washington WaterWorks manufactures snorkel gear. During the past month, Washington purchased 4,000 pounds of plastic to use in its dive masks, at a cost of $6,800. The standard price for the plastic is $1.60 per pound, and each mask requires ¼ pound of plastic. The company actually used 3,800 pounds of the plastic to produce 15,000 dive masks.

Required

a. Prepare the journal entry to record the purchase of plastic during the month.

b. Prepare the journal entry to record the use of plastic during the month.