Pearson Brothers recently reported a switch to activity-based costing (ABC) from the department allocation method. The department method allocated overhead costs at a rate of $50 per machine hour. The manager for the Finishing Department has gathered the following data: Activity Material handling Machine setups Utilities Quality control Cost Drivers Tons of material handled Number of production runs Machine hours Number of Inspections Amount $ 60 3,400 $ 450 During May, Pearson purchased and used $120,000 of direct materials at $10 per ton. There were eight (8) production runs using a total of 13,000 machine hours in May. The manager of the Finishing Department needed 12 inspections. Actual overhead costs totaled $840,000 for the month. Using ABC, how much overhead costs were applied to the Work-in-Process Inventory during May? O $650,000. $947,600 $840,000 $942,600