Question: In January, Fine Furnish used 4,000 pounds of a bonding agent, X2P, for their products. The cost of X2P is $0.015 per pound. Fine Furnish

In January, Fine Furnish used 4,000 pounds of a bonding agent, X2P, for their products. The cost of X2P is $0.015 per pound. Fine Furnish classifies X2P as indirect materials and records the cost of X2P in an account called "Indirect Materials." What is the journal entry that Fine Furnish should use to record the use of X2P in January?

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