Question: Nolan Manufacturing uses a standard cost system. Standards for direct materials are as follows: Direct materials (pounds per unit of output) 8 Cost per pound

Nolan Manufacturing uses a standard cost system. Standards for direct materials are as follows: Direct materials (pounds per unit of output) 8 Cost per pound of direct materials $ 4 The company plans to produce 600 units and has purchased on account 2 comma 600 pounds of direct materials at a net cost of $ 9 comma 600. What is the journal entry to record the purchase of materials

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