Humm, I did the same thing and found that a (true) cubic yard of mulch cost 1/2 as much as that bagged. We had two sources of mulch by the cubic yard, our Co-Op and a yard and garden center. The Co-Op was a full cubic yard and the yard and garden center was 3/4 of a cubic yard and it cost $2.00 more. The yard and garden center closed down last year. I also use only cypress mulch. It is more expensive but seems to last twice as long as the mulch I used to use.