Selected information from the Blake Corporation accounting records for June follows Materials Inven Work-In-Process Invento Finished Goods Inve Cost of Goods Sold Manu Overhead Control BB (6/1) 84,000 456,000 Labor 507,500 EB(630 490,000 86 (61) 286,000 831.000 411,000 828.000 19,000 271,000 plied Manufacturing Overhead 271.000 19.000 Additional intomation for June follows Labor wage rate was $35 per hour During the month, sales revenue was $1,019,000, and selling and administrative costs were $231,000 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? b. what was the over- or underapplied manufacturing ovemead for June?
c. What was the manufacturing overhead application rate in June? Manufacturing overhead per direct-labor our d. What was the cost of products completed during June? Cost of products completed e. What was the balance of the Work-in-Process Inventory account at the beginning of June? Beginning balance f. What was the operating profit (or loss) for June? (Negative amounts should be indicated by a minus sign.) Operating profit (loss)
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