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 $ 3 The company plans to produce 3 comma 000 units and has purchased on account 15 comma 000 pounds of direct materials at a net cost of $ 42 comma 600. What is the journal entry to record this transaction?
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Home » Business » 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 $ 3 The company plans to produce 3 comma 000 units and has purchased