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Magnolia, Inc. manufactures bedding sets. The budgeted production is for 30,100 comforters in 2012. Each comforter requires 7 yards of material. The estimated January 1,

Magnolia, Inc. manufactures bedding sets. The budgeted production is for 30,100 comforters in 2012. Each comforter requires 7 yards of material. The estimated January 1, 2012, beginning inventory is 3,960 yards. The desired ending balance is 4,200 yards of material. If the material costs $4.30 per yard, determine the materials budget for 2012.

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