Ragtime Company had the following information for the year Direct materials used Direct labor incurred 5,000 hours) Actual manufacturing overhead incurred $ 110,000 $ 150,000 $ 166.000 Ragtime Company used a predetermined overhead rate of $35 per direct labor hour for the year. Assume the only Inventory balance is an ending Work In Process Inventory balance of $17,000. What was adjusted cost of goods sold? $410,000 $435.000 O $409,000 $425,000 References KIIt Company had the following Information for the year. Direct materials used Direct labor incurred 5,150 hours) Actue manufacturing overhead incurred $ 115.300 $ 159,900 $ 175.400 KIIt Company used a predetermined overhead rate of $43 per direct labor hour for the year and estimated that direct labor hours would total 5,150 hours. Assume the only Inventory balance is an ending Work In Process balance of $17.200. How much overhead was appiled during the year? $159,900 $175.400 $115,300 $221,450 References