Ragtime Company had the following information for the year: Direct materials used Direct labor incurred (5,750 hours) Actual manufacturing overhead incurred $119,300 $159,700 $225,550 Ragtime Company used a predetermined overhead rate of $41 per direct labor hour for the year. Assume the only inventory balance is an ending Work in Process Inventory balance of $17,500. What was adjusted cost of goods sold? Multiple Choice O $504,550 $514,050 O O O $497,250 O $487,050