The cost analyst for Sheffer Systems collected the following data concerning direct materials:

Assume that Sheffer Systems had no beginning finished goods or direct materials inventory and only produced one product. Sheffer

sold $28,336$ units during the period.

Required:

a$.$ Assume Sheffer writes off all variances to Cost of Goods Sold. Prepare the entries Sheffer would make to record and close out the

variances.

b$.$ Assume Sheffer prorates all varlances to the approprlate accounts. Prepare the entries Sheffer would make to record and close out

the varlances.

Complete this question by entering your answers in the tabs below.

Required B

Assume Sheffer writes off all variances to Cost of Goods Sold. Prepare the entries Sheffer would

make to record and close out the variances.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first

account field.

Journal entry worksheet

A

B

C

Record the standard cost of materials used and the materials efficiency

variance.