A. Jarlos, general manager of a highly automated coffee production plant in Laguna. Ilocos Sur, has provided the following information for transactions that occurred during October.The production plant uses a JIT costing system.

a)Raw materials costing P300,000 were purchased.

b)All materials costing P300,000 were requisitioned for production.

c)Direct labor costs of P200,000 were incurred.

d)Actual factory overhead costs amounted to P955,000.

e)Applied conversion costs totaled P1,300,000.This includes the direct labor cost.

f)All units are completed and immediately sold.

What was the overapplied or underapplied conversion costs for the month?