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Ragtime Company Had the Following Information for the Year

question 85

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Ragtime Company had the following information for the year: Ragtime Company had the following information for the year:   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? A)  $435,000 B)  $426,000 C)  $418,000 D)  $409,000 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?

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