Magnolia, Inc., manufactures bedding sets. The budgeted production is for 19,700 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 5,600 yards with the desired ending balance of 3,800 yards of material. If the material costs $8.10 per yard, determine the materials budget for the year.

Magnolia, Inc., manufactures bedding sets. The budgeted production is for 19,700 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 5,600 yards with the desired ending balance of 3,800 yards of material. If the material costs $8.10 per yard, determine the materials budget for the year 1