Assume that a merchandising company prepared the following sales budget September $ 600,000 November $ 800,000 October $750,000 December $ 900,000 The following Information is also available: Desired ending inventory is $20,000 plus 70% of the next month's cost of goods sold, Cost of goods sold is always 60% of sales. Merchandise purchases are paid 30% in the current month and 70% in the next month. Budgeted sales each month are 70% credit and 30% cash. 40% of credit customers pay in the current month, 50% pay in the first month after the sale, and 10% pay in the second month after the sale, . . What are the budgeted merchandise purchases for November? Multiple Choice $438.000 $522,000 O $438,000 $522,000 $450,000 O $550,000