Ajay Company records standard costs and variances in its accounts. Journalize the entry to record the purchase of 6,000 widgets at $8.00 per unit, assuming widgets have a standard cost of $8.15 per unit.

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The Answer of Ajay Company records standard costs and variances in its accounts. Journalize the entry to record the purchase of 6,000 widgets at $8.00 per unit, assuming widgets have a standard cost of $8.15 per unit.

Ajay Company Records Standard Costs and Variances in Its Accounts