Girect Materials Purchases Budget Seranno inc. budgeted production of 64,000 personal joumals in 20Y6, Paper is required to produce a journal. Assume 71 square yards of paper are required for each fournal. The estimated January 1, 20Y6, paper inventory is 227,000 square yards. The desind December 31, 20v6, poper inventory is 204,000 square yards. If poper costs 50.13 per square yord, determine the direct materlals purchases budget for 20y6. If required, round your final anawer to the nearest dollar