X Company, a merchandiser, prepares monthly financial statements. The following are account balances in November: November 1 November 30 Accounts Payable $51,888 $96,056 Merchandise Inventory $57,673 $86,367 In November, payments of Accounts Payable were $304,968, and Cost of Goods Sold was $320,442. Assuming that all merchandise purchases were on account, what were merchandise purchases in November? Submit Answer Tries 0/3