Sunny Day Awning Company installs awnings on residential and commercial structures. The company had the following transactions for February 2002:

• Purchased $440,000 of building (raw) material on account.

• Issued $370,000 of building (direct) material to jobs.

• Issued $60,000 of building (indirect) material for use on jobs.

• Accrued wages payable of $594,000, of which $474,000 could be traced directly to particular jobs.

• Applied overhead to jobs on the basis of 60 percent of direct labor cost.

• Completed jobs costing $666,000. For these jobs, revenues of $824,000 were collected.

Make all appropriate journal entries for the above transactions.

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