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Magnolia, Inc., manufactures bedding sets. The budgeted production is for 1 4 , 0 0 0 comforters this year. Each comforter requires 7 yards of

Magnolia, Inc., manufactures bedding sets. The budgeted production is for 14,000 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 3,190 yards with the desired ending balance of 4,700 yards of material. If the material costs $4.10 per yard, determine the materials budget for the year.
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