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Ajax Company had the following information for the year: Direct Materials used 190,000 Direct labor incurred (7,000 hours) $245,000 Actual manufacturing overhead incurred $273,000 Ajax
Ajax Company had the following information for the year: Direct Materials used 190,000 Direct labor incurred (7,000 hours) $245,000 Actual manufacturing overhead incurred $273,000 Ajax Company used a predetermined overhead rate using estimated overhead of $320,000 and 8,000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods Inventory balance of $9,000. What was the adjusted Cost of Goods Sold? O $706,000 O $715,000 O $699,000 O $708,000
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