X Company is a merchandiser. It incurred the following costs in 2019: Advertising costs Supply costs Merchandise purchases Utility costs Employee salaries Warehouse costs Equipment rental Insurance costs Miscellaneous operating costs $11,777 16,993 82,881 25,266 16,956 37,712 13,246 28,868 16,838 The Merchandise Inventory account had a January 1 balance of $45,229 and a December 31 balance of $17,466. What was Cost of Goods Sold in 2019? A: $67,860 B: $76,682|| OC: $86,650 OD: $97,915| OE: $110,644 F: $125,028