Company, a merchandiser, prepares monthly financial statements. The following are account balances in ovember: Accounts Payable Merchandise Inventory $56,348 $53,235 November 1 November 30 $41,335 $80,864 November, payments of Accounts Payable were $349,294, and Cost of Goods Sold was $306,652. ssuming that all merchandise purchases were on account, what were merchandise purchases in November? Tries 0/3