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Magnolia, Inc., manufactures bedding sets. The budgeted production is for 16,200 comforters this year. Each comforter requires 7 yards of material. The estimated January
Magnolia, Inc., manufactures bedding sets. The budgeted production is for 16,200 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 6,000 yards with the desired ending balance of 5,800 yards of material. If the material costs $6.50 per yard, determine the materials budget for the year.
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