25. Micro Products Inc., produces calculat Each calculator requires three chips that cost $2 each. Micro has developed a production budget for calculators as follows for the first three quarters of the year (in units): First quarter 60,000 units; Second quarter 80,000 units; Third quarter- 40,000 units. At the end of each quarter, the inventory of chips must be equal to 20% of the following quarter's production needs. What is the dollar amount of chips that will be purchased in the second quarter of the year