Ragtime Company had the following information for the year. Direct materials used Direct labor incurred (6,000...
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Ragtime Company had the following information for the year. Direct materials used Direct labor incurred (6,000 hours) Actual manufacturing overhead incurred $113,300 $150,600 $219,500 Ragtime Company used a predetermined overhead rate of $38 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17,300. What was adjusted cost of goods sold? O $474,600 O $492,700 O $483,400 O $466,100 Ragtime Company had the following information for the year. Direct materials used Direct labor incurred (6,000 hours) Actual manufacturing overhead incurred $113,300 $150,600 $219,500 Ragtime Company used a predetermined overhead rate of $38 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17,300. What was adjusted cost of goods sold? O $474,600 O $492,700 O $483,400 O $466,100
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