Magnolia inc manufactures bedding sets the budgeted, Auditing

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Magnolia inc manufactures bedding sets the budgeted

Problem

Magnolia, Inc. manufactures bedding sets. The budgeted production is for 18,400 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 3,560 yards with the desired ending balance of 4,600 yards of material. If the material costs $4.10 per yard, determine the materials budget for the year.

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