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X Company is a merchandiser. It incurred the following costs in 2019: Advertising costs $16,950 Employee salaries 12,697 Utility costs 22,193 Supply costs 16,693 Warehouse
X Company is a merchandiser. It incurred the following costs in 2019:
Advertising costs | $16,950 | ||
Employee salaries | 12,697 | ||
Utility costs | 22,193 | ||
Supply costs | 16,693 | ||
Warehouse costs | 37,928 | ||
Merchandise purchases | 84,819 | ||
Insurance costs | 25,428 | ||
Equipment rental | 16,477 | ||
Miscellaneous operating costs | 13,807 |
The Merchandise Inventory account had a January 1 balance of $47,620 and a December 31 balance of $19,589. What was Cost of Goods Sold in 2019?
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