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Magnolia, Inc. manufactures bedding sets. The budgeted production is for 19,800 comforters this year. Each comforter requires 7 yards of material. The estimated January 1

Magnolia, Inc. manufactures bedding sets. The budgeted production is for 19,800 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventary is 5,140 yards with the desired ending balance of 3,800 yards of material. If the material costs $3.20 per yard, determine the materials budget for the year

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