ACME Inc. has provided the following information from the first month of operations: Purchased raw materials, $86,000 . Operating costs were incurred, $30,500 in the factory and $12,000 for office administration. . Direct labour was $93,000. Indirect labour was $13,000. . Advertising costs were incurred, $2,400. . Direct materials used were $41,000. Indirect materials used were $9,500. . Overhead was applied to work in process, $46,000. . Overhead is applied to jobs based on direct labour hours. The estimate for the year is $600,000 of manufacturing overhead and 60,000 direct labour hours. . All of the jobs were completed and transferred to Finished Jobs