The following information is from the manufacturing budget and budgeted financial statements of Altman Corp.: Direct materials inventory, 1/1 $ 81,000 Direct materials inventory, 12/31 $ 97,000 Direct materials budgeted for use during year $ 339,000 Accounts payable to suppliers, 1/1 $ 49,000 Accounts payable to suppliers, 12/31 $ 59,000 For the year, budgeted purchases of direct materials amounted to: