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What was cost of goods sold

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Question - The following information is for X Company, a merchandiser, for 2018:

Revenue

$368,955

Merchandise purchases

104,911

Receiving costs

21,730

Store rent

24,967

Utility costs

20,707

Advertising costs

13,308

Store manager salary

11,607

Cashier salaries

16,609

The Merchandise Inventory account had a January 1, 2018 balance of $35,456 and a December 31, 2018 balance of $35,035. What was Cost of Goods Sold in 2018?

Reference no: EM132243273

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