During September, a Small Roofing Company Purchased 500 Bundles of a Certain

During September, a small roofing company purchased 500 bundles of a certain type of shingle at a price of $35 per bundle, $5 less than the standard price. The company's standard quantity of this type of shingle is 550 bundles. What is the journal entry to record the purchase of materials?

A) Materials 20,000
Materials price variance 2,500
Accounts payable 17,500
B) Materials 20,000
Materials price variance 2,500
Accounts payable 22,500
C) Materials 17,500
Materials price variance 2,500
Accounts payable 20,000
D) Materials 20,000
Materials price variance 2,750
Accounts payable 17,250