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 underapplied or over-applied factory overhead.

14-B1 Job-Order Costing, Basic Journal Entries Consider the following data for Birmingham Printing Company (in thousands): Inventories, December 31, 2011 Direct materials Work in process Finished goods 12 20 130 Summarized transactions for 2012 are as follows: a. Purchases of direct materials Direct materials used c. Direct labor d. Factory overhead incurred e Factory overhead applied. 80% of direct labor cost 1. Cost of goods completed and transferred to finished goods & Cost of goods sold h. Sales en account 74 52 200 156 ? 417 532 742