Magnolia, Inci manufactures bedding sets. The bodgeted production is for 13,200 comforters this yeaci. Each comforter requires 7 yards of material. The ostimated January 1 beqinnung inventory is 5,560 yards with the desured ending balance of 5,000 yards of material. If the material costs $8.90 per yard, determine the materials budget for the year