Solution-What were merchandise purchases in November

What were merchandise purchases in November

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Reference no: EM132788915

Question - X Company, a merchandiser, prepares monthly financial statements. The following are account balances in November:

	Accounts Payable	Merchandise Inventory
November 1	$50,161	$53,772
November 30	$80,135	$68,023

In November, payments of Accounts Payable were $306,500, and Cost of Goods Sold was $322,223.

Assuming that all merchandise purchases were on account, what were merchandise purchases in November?

A: $206,366

B: $233,193

C: $263,508

D: $297,765

E: $336,474

F: $380,216

Reference no: EM132788915

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What were merchandise purchases in November

Reference no: EM132788915

Reference no: EM132788915

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