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What is the journal entry to record this transaction

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Reference no: EM133171020

Question - Marciano Manufacturing uses a standard cost system. Standards for direct materials are as follows:

Direct materials (pounds per unit of output) 3

Cost per pound of direct materials $6

The company plans to produce 2,000 units and has purchased on account 12,000 pounds of direct materials at a net cost of $42,600. What is the journal entry to record this transaction?

Reference no: EM133171020

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