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

Direct materials inventory 1/1$86,000

Direct materials inventory 12/31$102,000

Direct materials budgeted for use during year$344,000

Accounts payable to suppliers, 1/1$54,000

Accounts payable to suppliers 12/31$64,000

1. Refer to the information above. For the year, budgeted purchases of direct materials amounted to:

A. $344,000.

B. $328,000.

C. $360,000.

D. $370,000.