Chapulin Co. uses a normal costing system and applies MOH to jobs using a budgeted MOH rate based on direct labor (DL) cost. The rate, 150% of direct labor cost, was calculated last December, and will be used throughout the current year. On July 1. Chapulin did not have jobs in process. During July, three jobs were placed in production Jobs \#101, \#102 and \#103, as follows: Actual MOH cost for the month of July was $14,000. During the month. Chapulin completed Jobs #102 and \#103. Required: 1. [4 points] What was Chapulin's Cost of Goods Manufactured for the month of July? 2. [2 points] Was MOH underapplied or overapplied for the month of July, by how much? 3. [2 points] What does the amount of over-or under-applied overhead mean for any balances in WIP Inventory and Fi i. Goods Inventory on the balance sheet