Magnolia, Inc., manufactures bedding sets. The budgeted production is for 28,400 comforters this year. Each comforter...

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Magnolia, Inc., manufactures bedding sets. The budgeted production is for 28,400 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 3,530 yards with the desired ending balance of 4,700 yards of material. If the material costs $3.20 per yard, determine the materials budget for the year. Magnolia, Inc., manufactures bedding sets. The budgeted production is for 28,400 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 3,530 yards with the desired ending balance of 4,700 yards of material. If the material costs $3.20 per yard, determine the materials budget for the year.