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

Direct materials inventory, 1/1...............................................	$ 82,000
Direct materials inventory, 12/31............................................	98,000
Direct materials budgeted for use during year.........................	340,000
Accounts payable to suppliers, 1/1.........................................	50,000
Accounts payable to suppliers, 12/31......................................	60,000

9. Refer to the information above. For the year, budgeted purchases of direct materials amounted to:

Answer

A) $340,000.

B) $324,000.

C) $356,000.

D) $366,000.

10. Refer to the information above. For the year, budgeted cash payments to suppliers amounted to:

Answer

		A) $340,000.
		B) $346,000.
		C) $330,000.
		D) $350,000.