12 Blackbird Golf Carts makes custom golf carts that it sells to dealers across the Southeast. The carts are produced in two departments, fabrication and custom finishing. The company uses a job-costing system in which overhead in the fabrication department is allocated to jobs on the basis of machine-hours and overhead in the finishing department is allocated to the jobs based on direct labor-hours During May, Blackbird Golf Carts reported actua overhead of S49,500 in the fabrication department and S22,200 in the finishing department. Additional information follows: Manufacturing overhead rate (fabrication department) Manufacturing overhead rate (finishing department) Actual machine-hours (fabrication department) for May Actual direct labor-hours (finishing department) for May Work in process inventory, May 31 (unadjusted) Finished goods inventory, May 31 (unadjusted) Costs of goods sold, May (unadjusted) S20 per machine-hour S16 per direct labor-hour 2,000 machine-hours 1.200 direct labor-hours S50,000 S150,000 S300,000 Blackbird prorates under and over-applied overhead monthly to work in process, finished goods, and cost of goods sold based on the balance. What is adjusted cost of goods sold ending balance