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X Company is a merchandiser. It incurred the following costs in 2019: Advertising costs $11,200 Employee salaries 16,938 Utility costs 20,283 Supply costs 14,920 Warehouse
X Company is a merchandiser. It incurred the following costs in 2019:
| Advertising costs | $11,200 | ||
| Employee salaries | 16,938 | ||
| Utility costs | 20,283 | ||
| Supply costs | 14,920 | ||
| Warehouse costs | 27,906 | ||
| Merchandise purchases | 82,642 | ||
| Insurance costs | 23,673 | ||
| Equipment rental | 12,482 | ||
| Miscellaneous operating costs | 19,871 | ||
The Merchandise Inventory account had a January 1 balance of $48,762 and a December 31 balance of $13,906. What was Cost of Goods Sold in 2019?
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