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, $\frac{12}{31}$

$$76,000$

$$92,000$

$$334,000$

$$44,000$

$$54,000$

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

Multiple Choice

$$350,000.$

$$318,000.$

$$340,000.$

$$360,000.$