Problem $7\mathrm{.}49($Algo$)$ Applylng Overhead Using a Predetermined Rate $($LO $7\mathrm{.}2)$

Loulslana Metals uses a job costing system. The company applies manufacturing overhead using a predetermined rate based on direct

labor cost. The following debits $($credits$)$ appeared In the Work$-$In$-$Process Inventory for June.

Job LM$-12,$ the only Job still in production at the end of June, has been charged $$16,600$ In direct materlals cost and $$14,100$ in direct

labor cost.

Required:

What was the beginning balance in Work$-$In$-$Process Inventory?