Exercise 7-26 (Algo) Assigning Costs to Jobs (LO 7-1, 2) Selected information from the Blake Corporation accounting records for June follows. Materials Inventory 88 (6/1) 89,000 461,000 416,000 Cost of Goods Sold 24,000 Work-In-Process Inventory Labor EB(6/30) 510,000 540,000 Manufacturing Overhead Control 316,000 316,000 Finished Goods Inventory BB (6/1) 833,000 291.000 836,000 Applied Manufacturing Overhead 316,000 24,000 Additional information for June follows Labor wage rate was $30 per hour During the month, sales revenue was $1,029,000, and selling and administrative costs were $236,000 This company has no indirect materials or supplies. The company applies manufacturing overhead on the basis of direct labor-hours. Required: 340,000 a. What was the cost of direct materials purchased in June? b. What was the over- or underapplied manufacturing overhead for June? c. What was the manufacturing overhead application rate in June? d. What was the cost of products completed during June? 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? Any over- or underapplied overhead is written off to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F What was the cost of direct materials purchased in June?