Compound Y23Z is used by Mcfadin Corporation to make one of its products.The standard cost of compound Y23Z is $38.70 per ounce and the standard quantity is 4.6 per unit of output.Data concerning the compound in the most recent month appear below: 
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.
Definitions:
Mandatory Condition
A required state or set of circumstances that must be met before a certain event can occur.
Dissonance Experience
The feeling of discomfort resulting from holding two or more conflicting cognitions, such as beliefs, values, or attitudes.
Contamination Story
A narrative or explanation that details how something was polluted, corrupted, or tainted.
Self-Verification
Seeking out other people and social situations that support the way one views oneself in order to sustain a consistent and clear self-concept.
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