Rainey Manufacturing has the following information available for 2020: Budgeted overhead costs $120,000 Actual overhead costs $126,200 Budgeted machine hours 20,000 Actual machine hours 22.000 Cost of goods sold (before adjustment) $267.500 Rainey uses a pre-determined overhead rate to allocate overhead costs based on machine hours. It Rainey uses the write off to cost of goods sold approach to adjust cost of soods sold to actual at the end of the year, what will be the ending balance in cost of goods sold, after adjustment? $273,300 $261,300 $273.700 $261.700