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

Direct materials inventory, 1/1 $91,000

Direct materials inventory, 12/31 $107,000

Direct materials budgeted for use during year $349,000

Accounts payable to suppliers, 1/1 $59,000

Accounts payable to suppliers, 12/31 $69,000

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

• $365,000.
• $375,000.
• $333,000.
• $355,000.