In managing the operations of Sheridan Foods, Maria was trying to determine the total cost of producing its world-famous chicken noodle soup. She understood MOH costs were a large portion of the company's costs, as they were budgeted at $567,000 this year. At year-end, Sheridan Foods' applied MOH (under normal costing) totaled $497,000, despite incurring $540,500 in actual MOH cost this year. Had Sheridan Foods under- or overapplied its MOH cost this year? By how much? Sheridan Foods had its MOH cost this year by $ The following transactions occurred this period for Marin Corp. as it created custom-order scented bubble bath: cost of labor, $15,300; cost of scented oils used, \$8,800; and applied MOH, \$6,200. Marin started the period with \$3,900 in its WIP Inventory account. The total cost of jobs completed this period was $29,500. What is the ending balance of Marin's WIP Inventory account this period? Ending balance in WIP Inventory account