Dolittle Company Purchased Materials on Account

Multiple Choice

Dolittle Company purchased materials on account.The entry to record the purchase of materials having a standard cost of $0.50 per pound from a supplier at $0.60 per pound would include a:

A) credit to Raw Materials Inventory.
B) debit to Work in Process.
C) credit to Materials Price Variance.
D) debit to Materials Price Variance.