1 (20 marks) ABC Company employs a job-order cost accounting system and keeps perpetual inventory records. The following transactions occurred in the first month of operations: 1 Direct materials requisition during the month: Job 56 $10,000 Job 57 $14,000 Job 58 $16,000 $40,000 2 Direct labour incurred and charged to jobs was: Job 56 $12,000 Job 57 $16,000 Job 58 $18,000 $46,000 3 Manufacturing overhead was applied based on 75% of direct labour costs