Robin Company purchased and used 500 pounds of direct materials to produce a product with a 520 pound standard direct materials requirement.The standard materials price is $1.90 per pound.The actual materials price was $2.00 per pound.
Prepare the journal entries to record 1 the purchase of the materials and 2 the material entering production.

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The Answer of Robin Company purchased and used 500 pounds of direct materials to produce a product with a 520 pound standard direct materials requirement.The standard materials price is $1.90 per pound.The actual materials price was $2.00 per pound.
Prepare the journal entries to record 1 the purchase of the materials and 2 the material entering production.

Robin Company Purchased and Used 500 Pounds of Direct Materials