Problem 7-49 (Algo) Applying Overhead Using a Predetermined Rate (LO 7-2) Louisiana Metals uses a job costing system. The company applles manufacturing overhead using o 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 $13,600 in direct materials cost and $12,600 in direct labor cost. Required: What was the beginning bolance in Work-in-Process inventory