Magnolia, Inc., manufactures bedding sets. The budgeted production is for 20,300 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 5,480 yards with the desired ending balance of 4,900 yards of material. If the material costs $6.40 per yard. Determine the materials budget for the year.

Magnolia, Inci, manufactures bedding sets. The budgeted production is for 20,300 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 5,480 yards with the desired ending balance of 4,900 yards of material. If the material costs $6.40 per yard. Determine the materials budget for the year