Magnolia, Inc., manufactures bedding sets. The budgeted production is for 13,300 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 5,420 yards with the desired ending balance of 6,500 yards of material. If the material costs $8.20 per yard. Determine the materials budget for the year. $

Magnolia, Inc, manufactures bedding sets. The budgeted production is for 13,300 comforters this year. Each comforter requires 7 yards of material. The estimated lanuary 1 beginning inventory is 5,420 yards with the desired ending balance of 6,500 yards of material. If the material costs $8.20 per yard. Setermine the materials budget for the vear