Direct Materials Purchases Budget

Killingsworth Inc. budgeted production of $31,000$ personal journals in $20$Y$6.$ Paper is required to produce a journal. Assume $70$ square yards of paper are required for each journal. The estimated January $1,20$ Y$6,$ paper inventory is $87,000$ square yards. The desired December $31,20Y6,$ paper inventory is $98,000$ square yards.

If paper costs $$0\mathrm{.}13$ per square yard, determine the direct materials purchases budget for $20Y6.$ If required, round your final answer to the nearest dollar.

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