If 10,000 Pounds of Direct Materials Are Purchased for $9,300

If 10,000 pounds of direct materials are purchased for $9,300 on account and the standard cost is $.90 per pound, the journal entry to record the purchase is $\begin{array}{lr}\text {a. Raw Materials Inventory }&9,300\\\quad\text { Accounts Payable}&&9,300\\\text {b. Work In Process Inventory }&9,300\\\quad\text {Accounts Payable }&&9,000\\\quad\text { Materials Quantity Variance}&&300\\\text {c. Raw Materials Inventory }&9,300\\\quad\text { Accounts Payable}&&9,000\\\quad\text { Materials Price Variance}&&300\\\text {d. Raw Materials Inventory }&9,000\\\quad\text { Materials Price Variance}&300\\\quad\text { Accounts Pavable}&&9,300\\\end{array}$