The following information is from the manufacturing budget and budgeted financial statements of Altman Corp.: Direct materials inventory, January 1 $86,000 Direct materials inventory, December 31 $102,000 Direct materials budgeted for use during the $344,000 year Accounts payable to suppliers, January 1 $54,000 Accounts payable to suppliers, December 31 $64,000 (i). For the year, budgeted purchases of direct materials amounted to: Select one: a. $360,000. O b. $328,000. c. $344,000. d. $370,000