The following information is from the manufacturing budget and budgeted financial statements of Altman Corporation: Direct materials inventory, 1/1 Direct materials inventory, 12/31 Direct materials budgeted for use during year Accounts payable to suppliers, 1/1 Accounts payable to suppliers, 12/31 $ 89,000 $ 105,000 $ 347,000 $ 57,000 $ 67,000 For the year, budgeted purchases of direct materials amounted to: Multiple Choice $373,000. $331,000. $353,000. $363,000