Journalize the entry to record the standard direct materials used in production. If required, round your answers to two decimal places. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0"Oak Company produces a chair that requires 6 yds. of material per unit. The standard price of one yard of material is $7.50. During the month, 8,500 chairs were manufactured, using 48,875 yards.