Consider the following data for Oxford Printing Company (in thousands):

Inventories,                     December 31, 2011
Direct materials ...................................£ 22
Work-in-process .....................................27
Finished goods ......................................102

Summarized transactions for 2012 are

a. Purchases of direct materials .........................................................................£109
b. Direct materials used ...........................................................................................90
c. Direct labour ........................................................................................................140
d. Factory overhead incurred ..................................................................................92
e. Factory overhead applied, 80% of direct labour .................................................?
f. Cost of goods completed and transferred to finished goods ........................275
g. Cost of goods sold ..............................................................................................350
h. Sales on account .................................................................................................620

1. Prepare summary journal entries for 2012 transactions. Omit explanations.

2. Show the T-accounts for all inventories, cost of goods sold, and factory department overhead control. Compute the ending balances of the inventories. Do not adjust for under applied or over applied factory overhead.