X Company, a merchandiser, prepares monthly financial statements. The following are account balances in November: November 1 November 30 Accounts Payable $58,221 $83,177 Merchandise Inventory $56,483 $65,339 In November, payments of Accounts Payable were $323,110, and Cost of Goods Sold was $339,210. Assuming that all merchandise purchases were on account, what were merchandise purchases in November? A: $348,066 B: $462,928) C: $615,694 OD: $818,873 E: $1,089,101 OF: $1,448,504 Submit Answer Tries 0/99