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

Direct materials inventory, 1/1	$	81,000
Direct materials inventory, 12/31	$	97,000
Direct materials budgeted for use during year	$	339,000
Accounts payable to suppliers, 1/1	$	49,000
Accounts payable to suppliers, 12/31	$	59,000

For the year, budgeted purchases of direct materials amounted to:

Multiple Choice

• $365,000.

• $323,000.

• $355,000.

• $345,000.

For the year, budgeted cash payments to suppliers amounted to:

Multiple Choice

• $365,000.

• $345,000.

• $323,000.

• $355,000.