Magnolia, Inc., manufactures bedding sets. The budgeted production is for $12,700$ comforters this year. Each comforter requires $7$ yards of material. The estimated January $1$ beginning inventory is $5,760$ yards with the desired ending balance of $6,200$ yards of material. If the material costs $$6\mathrm{.}90$ per yard.

Determine the materials budget for the year.