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

Direct materials inventory, $\frac{1}{1}$

Direct materials inventory, $\frac{12}{31}$

Direct materials budgeted for use during year

Accounts payable to suppliers, $\frac{1}{1}$

Accounts payable to suppliers, $\frac{12}{31}$

$$95,000$

$$111,000$

$$353,000$

$$63,000$

$$73,000$

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

Multiple Choice

$$424,000$

$$369,000.$

Sili

$$359,000.$

$$353,000.$