Beckett Industries manufactures a popular interactive stuffed animal for children that requires two computer chips inside each toy. The company pays $1 for each computer chip. To help to guard against stockouts of the computer chip, Beckett Industries has a policy that states that the ending Inventory of computer chips shoul be at least 25% of the following month's production needs. The production schedule for the first four months of the year is as follows: (Click the icon to view the production schedule.) Requirement Prepare a direct materials budget for the first quarter that shows both the number of computer chips needed and the dollar amount of the purchases in the budget. Beckett Industries Direct Materials Budget For the Months of January through March January February Units to be produced Multiply by: Quantity of direct materials needed per unit Quantity needed for production Plus: Desired ending inventory of direct materials Total quantity needed Less: Beginning inventory of direct materials Quantity to purchase Multiply by: Cost per unit Total cost of direct material purchases NIN Enter any number in the edit fields and then continue to the next question. Stutted animal for children that requires two computer chips in he computer chip, Beckett Industries has a policy that states t eds. The production schedule for the first four months of the y Data Table Stuffed animals to be produced January 5,400 February 4,300 March 4,700 4,200 April Print Done ntinue to the next