Selected information from the Blake Corporation accounting records for June follows: Materials Inventory Work-In-Process Inventory Finished Goods Inventory BB (6/1 290,000 Cost of Goods Sold BB () 88,000 Labor 495,000 EB(6/30 530,000 460,000415,000 835,000832,000 23,000 Manufacturing Overhead Control Applied Manufacturing Overhead 500 846500 23,000 323,500 346,500 323,500 Additional information for June follows Labor wage rate was $30 per hour During the month, sales revenue was $1,027,000, and selling and administrative costs were $235,000 This company has no indirect materials or The company applies manufacturing overhead on the basis of direct labor-hours. supplies Required a. What was the cost of direct materials purchased in June? t materials b. What was the over- or underapplied manufacturing overhead for June? manufacturing overhead c. What was the manufacturing overhead application rate in June? Manufacturing overhead per direct-labor hour 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)