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27.Magnolia, Inc. manufactures bedding sets. The budgeted production is for 13,000 comforters this year. Each comforter requires 7 yards of material. The estimated January 1

27.Magnolia, Inc. manufactures bedding sets. The budgeted production is for 13,000 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 3,420 yards with the desired ending balance of 5,700 yards of material. If the material costs $3.60 per yard, determine the materials budget for the year.

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