Safari Bookends (SB) produces high quality wooden bookends of different safari animals. SB uses standard variable costing; therefore, they make a year-end adjustment to the cost of goods sold to account for the difference between the applied and actual costing amounts. The standards in place for the most recent fiscal year were as follows: Cost Component Usage Cost per unit Direct materials: 5 lbs/unit $4/lb Direct labor: 0.5 hrs/unit $20/hr Variable overhead: 1 Mhr/unit $12/Mhr During the year, SB produced 80,000 bookends, of which 48,000 were sold. During production, SB spent $1,702,400 on direct materials, $608,000 on direct labor and $896,000 on variable overhead. Determine the net adjustment to cost of goods sold. Record your answer as a negative number to indicate if the adjustment will increase cost of goods sold, and record your answer as a positive number to indicate if the adjustment will decrease cost of goods sold