There's your issue. You needed 44.8 (45) clicks to get 11.2 MOA.
Generally, MOA scopes have 1/4 MOA per click (a rare few have 1/8th MOA clicks, and some red-dot and low magnification scopes have 1/2 MOA clicks). Your turret has numbers on it which correspond to 1 MOA, with 4 dashes between major graduations. 11.2 MOA, at 4 clicks per MOA = 44.8 clicks. 56 clicks = 14 MOA. Since you stated you were 5-6 inches high at 500, then it's likely your drop calculation is a little off, as you should have been ~3 MOA high, which at 500 yds is roughly 15".
I'm assuming the SHV line has a zero resettable turret, so check your operators manual for how to use that if you don't know already. You can zero the gun at whatever yardage, then move the turret shroud back to zero without clicking it. Usually via an allen head set screw. Once your turret is zeroed, you can spin the dial to the number of MOA you need (e.g. 11.2 = spin to 11, then add one click (0.25) for a total of 11.25).
To do a "box test" simply set up a target at relatively close range (100 yds is good). Fire one group on center, then click a large number of MOA left (12 MOA is a good choice, though you could do more or less) and fire a group, then click the same large number up and group, then click the same large number right and group, and finally the same number back down and group. If everything is working, you should have a "box" with a group at each corner, and two groups (1st and last) on center. Think of it like driving around the block. If you take 3 right turns, you should end up where you started. You can then measure the distance each group moved and confirm your scope is not only repeatable, but accurate. If you chose 12 MOA for your clicks, at 100 yds, you should end up with a box with with equal edges of 12.56" (1 MOA = 1.047" @ 100 yds, so 12 MOA x 1.047" per MOA = 12.56"). There are obviously other variations of the test, but you get the idea.