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The following information is from the manufacturing budget and budgeted financial statements of Altman Corp.: Direct materials inventory, 11 Direct materials inventory, 12/31 Direct materials

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The following information is from the manufacturing budget and budgeted financial statements of Altman Corp.: Direct materials inventory, 11 Direct materials inventory, 12/31 Direct materials budgeted for use during year Accounts payable to suppliers, 1/1 Accounts payable to suppliers, 12/31 $ 86.000 $102.000 $344.000 $54.000 $64.000 For the year, budgeted cash payments to suppliers amounted to: $344,000 o $350,000 $334,000. $354,000

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