Consider the following data for Birmingham Printing Company (in thousands): Inventories, December 31, 2011 Direct materials 12 Work in process 20 Finished goods 130 Summarized transactions for 2012 are as follows: a. Purchases of direct materials 74 b. Direct materials used 52 c. Direct labor 200 d. Factory overhead incurred 156 e. Factory overhead applied, 80% of direct labor cost ? f. Cost of goods completed and transferred to finished goods 417 g. Cost of goods sold 532 h. Sales on account 742 Prepare summary journal entries for 2012 transactions. Omit explanations. 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 overapplied factory overhead.