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Ragtime Company had the following information for the year: Direct naterials used Directlaborincurred(6,100hours)156,100 Actual manufacturing overhead incurred 242,000 Beginning Work in Process Inventory Ending Work

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Ragtime Company had the following information for the year: Direct naterials used Directlaborincurred(6,100hours)156,100 Actual manufacturing overhead incurred 242,000 Beginning Work in Process Inventory Ending Work in Process Inventory 17,700 Beginning Finished Goods Inventory 0 Ending Finished Goods Inventory 0 Rogtime Company used a predetermined overhead rate of $41 per direct labor hour for the year. What was the adjusted cost of goods sold? Multiple Choice $506,500 $516,100 $498,400 $525,800

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