Malloy Corporation Has Provided the Following Data Concerning Its Most

Malloy Corporation has provided the following data concerning its most important raw material,compound I51D:
. $$\begin{array} { | l | r | } \hline \text { Standard cost, per liter } & \$ 30.50 \\\hline \text { Standard quantity, liters per unit of output } & 4.6 \\\hline \text { Cost of material purchased in October, per liter } & \$ 30.70 \\\hline \text { Material purchased in October, liters } & 4,000 \\\hline \text { Material used in production in October, liters } & 3,580 \\\hline \text { Actual output in October, units } & 800 \\\hline\end{array}$$ The raw material was purchased on account.Required:
a.Record the purchase of the raw material in a journal entry.b.Record the use of the raw material in production in a journal entry