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Magnolia, Inc., manufactures bedding sets. The budgeted production is for 2 9 , 1 0 0 comforters this year. Each comforter requires 7 yards of

Magnolia, Inc., manufactures bedding sets. The budgeted production is for 29,100 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 3,440 yards with the desired ending balance of 4,300 yards of material. If the material costs $7.20 per yard, determine the materials budget for the year.
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