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

Materials Inventory
BB (6/1)	75,000
	447,000	402,000

Work-In-Process Inventory
Labor	350,000
EB(6/30)	400,000

Finished Goods Inventory
BB (6/1)	277,000
	822,000	819,000

Cost of Goods Sold
		10,000

Manufacturing Overhead Control
	240,000
		240,000

Applied Manufacturing Overhead
		250,000
	240,000
	10,000

Additional information for June follows:

• Labor wage rate was $35 per hour.

• During the month, sales revenue was $1,020,000, and selling and administrative costs were $222,000.

• 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 balance of the Work-in-Process Inventory account at the beginning of June?

b. What was the operating profit (or loss) for June? (Negative amounts should be indicated by a minus sign.)