Landlubber Company Established a Standard Direct Materials Cost of 1

Landlubber Company established a standard direct materials cost of 1.5 gallons at $2 per gallon for one unit of its product.During the past month,actual production was 6,500 units.The material quantity variance was $700 favorable and the material price variance was $470 unfavorable.The entry to charge Goods in Process Inventory for the standard material costs during the month and to record the direct material variances in the accounts would include:

A) A credit to Goods in Process for $19,270.
B) A debit to Raw Materials for $19,500.
C) A debit to Direct Material Price Variance for $470.
D) A debit to Direct Material Quantity Variance for $700.
E) A credit to Goods in Process for $19,500.