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Magnolia, Inc., manufactures bedding sets. The budgeted production is for 16,000 comforters this year. Each...

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Accounting

Magnolia, Inc., manufactures bedding sets. The budgeted production is for 16,000 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 5,730 yards with the desired ending balance of 6,100 yards of material. If the material costs $8.30 per yard. Determine the materials budget for the year.

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