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1.
Selected information from the Blake Corporation accounting records for June follows:
| Materials Inventory |
| BB (6/1) | 86,000 | | | |
| | 458,000 | 413,000 | | |
| | | | | |
| Work-In-Process Inventory |
| Labor | 310,000 | | | |
| EB(6/30) | 510,000 | | | |
| | | | | |
| Finished Goods Inventory |
| BB (6/1) | 288,000 | | | |
| | 833,000 | 830,000 | | |
| | | | | |
| Cost of Goods Sold |
| | | | | |
| | | 21,000 | | |
| | | | | |
| Manufacturing Overhead Control |
| | 320,000 | | | |
| | | 320,000 | | |
| | | | | |
| Applied Manufacturing Overhead |
| | | 341,000 | | |
| | 320,000 | | | |
| | 21,000 | | | |
Additional information for June follows:
Labor wage rate was $20 per hour.
During the month, sales revenue was $1,023,000, and selling and administrative costs were $233,000.
This company has no indirect materials or supplies.
The company applies manufacturing overhead on the basis of direct labor-hours.
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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