Compute the materials budget for the year

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Reference no: EM131908707

Problem

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.

Reference no: EM131908707

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