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Magnolia, Inc. manufactures bedding sets. The budgeted production is for 23,000 comforters this year. Each comforter requires 7 yards of material. The estimated January 1

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Magnolia, Inc. manufactures bedding sets. The budgeted production is for 23,000 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 3,420 yards with the desired ending balance of 5,800 yards of material. If the materlal costs $5.60 per yard, determine the materials budget for the year

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