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Direct Materiais Purchases Budget Killingsworth Inc, budgeted production of 74,000 personal journats in 20y6. Paper is required ho produce a joumal. Assume 42 square yards of paper are required for each journal, The estimated January 1, 20Y6, paper inventory is 186,000 square yards. The desired December 31,2066, paper inventory is 171,000 square yards. it paper costs $0,13 per square yard, determine the direct materials purchases budget for 20y6. If required, round your final answer to the nearest dollar. x Fecitick Remember to take into account materials required for production, desired ending materials inventory and eitimated beginnang materials inventory when calculating direct materials to be purchased