Magnolia, Inc., manufactures bedding sets. The budgeted production is for 13,500 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 4,230 yards with the desired ending balance of 5,600 yards of material. If the material costs $7.90 per yard, determine the materials budget for the year. $fill in the blank 1