8) Ragtime Company had the following information for the year: 8) Direct materials used $110,00 POH=$35 Direct labor incurred (5,000 hours) $150,000 Actual manufacturing overhead incurred $166,000 Applied MOH = Poll XOL 35 x 5.000 Ragtime Company used a predetermined overhead rate of $35 per direct labor hour for th $175.000 Assume the only inventory balance is an ending Work in Process Inventory balance of $17,000. What was cost of goods manufactured? A) $260,000 B) $418,000 C) $435,000 D) $426,000