Magnolia,Inc.manufactures bedding sets.The budgeted production is for 55,000 comforters this year.Each comforter requires 7 yards of material.The estimated January 1 beginning inventory is 31,000 yards with the desired ending balance of 30,000 yards of material.If the material costs $4.00 per yard,determine the materials budget for the year.

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The Answer of Magnolia,Inc.manufactures bedding sets.The budgeted production is for 55,000 comforters this year.Each comforter requires 7 yards of material.The estimated January 1 beginning inventory is 31,000 yards with the desired ending balance of 30,000 yards of material.If the material costs $4.00 per yard,determine the materials budget for the year.