Part 2: The following data (in thousands) summarizes the production of the pharmaceutical drug CK01 at Genome Pharmaceuticals for 2020, its first year in business. a. Direct material purchased for cash b. Direct material issued and used C. Labour used directly on production d1.: Indirect labour d2. Depreciation of plant and equipment d3. Miscellaneous factory overhead e. Overhead applied (180% of direct labour) f. Cost of production completed g. Cost of goods sold $450 $420 $125 $80 $55 $40 ? $705 $460 Required: 1. Prepare summary journal entries, omit explanations. For this problem, combine the items labelled as "d" as "overheads incurred" 2. Show the T accounts for all inventories, cost of goods sold, factory overhead. Compute the ending balances of the inventory. Compute the over/under applied overhead. Journalize the adjusting entry