X Company is a merchandiser. It incurred the following costs in 2019: Equipment rental $10,844 Merchandise purchases 80,772 Utility costs 23,246 Warehouse costs 35,083 Employee salaries 18,491 Advertising costs 14,121 Insurance costs 28,294 Supply costs 10,204 Miscellaneous operating costs 18,821 The Merchandise Inventory account had a January 1 balance of $45,718 and a December 31 balance of $13,146. What was cost of Goods Sold in 2019? Submit Answer Tries 0/3