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Business, 06.07.2019 06:10 samone26

Marciano manufacturing uses a standard cost system. standards for direct materials are as follows: direct materials (pounds per unit of output) 2 cost per pound of direct materials $ 3 the company plans to produce 2 comma 500 units and has purchased on account 15 comma 000 pounds of direct materials at a net cost of $ 42 comma 000. what is the journal entry to record this transaction?

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