Answer:
Total cost= $507,000
Explanation:
Giving the following information:
The budgeted production is for 57,000 comforters in 2017. Each comforter requires 6 yards of material. The estimated January 1, 2017, beginning inventory is 31,000 yards. The desired ending balance is 27,000 yards of material. If the material costs $1.50 per yard, determine the materials budget for 201.
Material budget:
Production= 57,000*6= 342,000 yards
Ending inventory= 27,000
Beginning inventory= (31,000)
Total= 338,000
Total cost= 338,000*1.5= $507,000
