Question: Please post to where half the answer isnt cut off! thank you! Direct Materials Purchases Budget Seranno Inc, budgeted production of 25,000 personal journals in

Please post to where half the answer isnt cut off! thank you!

Direct Materials Purchases Budget Seranno Inc, budgeted production of 25,000 personal journals in 2076. Paper is required to produce a journal. Assume 87 square yards of paper are required for each journal. The estimated January 1, 2076, paper inventory Is 109,000 square yards. The desired December 31, 2076, paper inventory is 120,000 square yards. If paper costs $0.12 per square yard, determine the direct materials purchases budget for 2016. If required, round your final answer to the nearest dollar

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