Required information [The following information applies to the questions displayed below.] The following information is from the manufacturing budget and budgeted financial statements of Altman Corp.: Direct materials inventory, 1/1 Direct materials inventory, 12/31 Direct materials budgeted for use during year Accounts payable to suppliers, 1/1 Accounts payable to suppliers, 12/31 $ 81,000 $ 97,000 $ 339,000 $ 49,000 $ 59,000 For the year, budgeted purchases of direct materials amounted to