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The following information is from the manufacturing budget and budgeted financial statements of Ulta Corp.: Direct materials inventory, 1/1 $ 95,000 Direct materials inventory, 12/31

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

Direct materials inventory, 1/1 $ 95,000
Direct materials inventory, 12/31 $ 111,000
Direct materials budgeted for use during year $ 353,000
Accounts payable to suppliers, 1/1 $ 63,000
Accounts payable to suppliers, 12/31 $ 73,000

1. For the year, budgeted purchases of direct materials amounted to?

2. For the year, budgeted cash payments to suppliers amounted to?

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