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6. A company uses standard costing system, and the standard cost of materials is $5 per pound. The company buys 1,000 pounds of materials

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6. A company uses standard costing system, and the standard cost of materials is $5 per pound. The company buys 1,000 pounds of materials at $5.15 per pound on account. als2 a. Record the purchase of the materials (3 points): Account Debit Credit b. The assembly department in the company's process costing system requisitions 700 pounds of materials. Record the entry (2 points): Account 000 800 Debit Credit

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