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9. The following information is from the manufacturing budget and budgeted financial statements of Altman Corp.: Direct materials inventory, 1/1 $ 86,000 Direct materials inventory,

9.

The following information is from the manufacturing budget and budgeted financial statements of Altman Corp.:

Direct materials inventory, 1/1 $ 86,000
Direct materials inventory, 12/31 $ 102,000
Direct materials budgeted for use during year $ 344,000
Accounts payable to suppliers, 1/1 $ 54,000
Accounts payable to suppliers, 12/31 $ 64,000

For the year, budgeted cash payments to suppliers amounted to:

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$354,000.

$350,000.

$334,000.

$344,000.

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