Question: Tip Top Corp. produced 4,500 units that require 14 standard gallons per unit at $11.50 standard price per gallon. The company actually used 65,500 gallons

Tip Top Corp. produced 4,500 units that require 14 standard gallons per unit at $11.50 standard price per gallon. The company actually used 65,500 gallons in production. Journalize the entry to record the standard direct materials used in production. For a compound transaction, if an amount box does not require an entry, leave it blank.

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