Blossom Boots had the following variances at year-end: Variances Amount Unfavorable DM Price Variance $262 U Unfavorable DM Efficiency Variance $131U Favorable DL Efficiency Variance $300 F What is the effect of closing these variances on the Cost of Goods Sold account at year-end? O Increase by $693 O Increase by $93 O Decrease by $93 O Decrease by $693