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Selected information from the Blake Corporation accounting records for June follows:

Materials Inventory
BB (6/1)	92,000
	464,000	419,000

Work-In-Process Inventory
Labor	462,500
EB(6/30)	570,000

Finished Goods Inventory
BB (6/1)	294,000
	839,000	836,000

Cost of Goods Sold
		27,000

Manufacturing Overhead Control
	343,000
		343,000

Applied Manufacturing Overhead
		370,000
	343,000
	27,000

Additional information for June follows:

• Labor wage rate was $25 per hour.
• During the month, sales revenue was $1,035,000, and selling and administrative costs were $239,000.
• This company has no indirect materials or supplies.
• The company applies manufacturing overhead on the basis of direct labor-hours.

Required:

a. What was the cost of direct materials purchased in June? $464,000

b. What was the over- or underapplied manufacturing overhead for June? overapplied manufacturing overhead, $27,000

c. What was the manufacturing overhead application rate in June? 20 per direct labor hour

d. What was the cost of products completed during June? $839,000

e. What was the balance of the Work-in-Process Inventory account at the beginning of June?

f. What was the operating profit (or loss) for June?

I was able to work through the first 4 but am having problems solving e and f, thanks!

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