X Company is a merchandiser. It incurred the following costs in 2020: Insurance costs Equipment rental Merchandise purchases Warehouse costs Employee salaries Advertising costs Supply costs Utility costs Miscellaneous operating costs $20,141 17,629 87,928 26,632 13,841 13,719 10,788 29,292 17,804 On January 1, 2020, the Merchandise Inventory account balance was $39,349; on December 31, 2020, the balance was $17,091. What was Cost of Goods Sold in 2020? A: $35,214| OB: $46,835| OC: $62,291 | OD: $82,847| OE: $110,186|| OF: $146,547|| Submit Answer Tries 0/99