The Merchandise Inventory account had a January 1 balance of $37,129 and a December 31 balance of $12,485. What was Cost of Goods Sold in 2019?

X Company is a merchandiser. It incurred the following costs in 2019: Equipment rental Insurance costs Merchandise purchases Warehouse costs Advertising costs Employee salaries Supply costs Utility costs Miscellaneous operating costs $19,305 24,503 84,961 37,523 18,096 19,924 15,325 26,670 17,068 The Merchandise Inventory account had a January 1 balance of $37,129 and a December 31 balance of $12,485. What was Cost of Goods Sold in 2019? OA: $109,605 B: $158,927 Oc: $230,445 OD: $334,145 OE: $484,510 OF: $702,539 A Tries 0/99