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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:
Group of answer choices
$354,000.
$350,000.
$334,000.
$344,000.
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