X Company, a merchandiser, prepares monthly financial statements. The following are account balances in November: November 1 November 30 Accounts Payable $50,391 $3,605 In November, payments of Accounts Payable were $347,596, and Cost of Goods Sold was $341,683. Assuming that all merchandise purchases were on account, what were merchandise purchases in November? A: $96,136 B: $127,861 C: $170,055 OD: $226,173 OE: $300,810 OF: $400,077 Submit Answer Tries 0/99 Merchandise Inventory $52,418 $11,545