Cleary 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, Cleary Industries has a policy that states that the ending inventory of computer chips should 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 on the number of computer chips needed and the dollar amount of the purchases in the budget Prepare the direct materials budget by first calculating the total Quantity needed, the complete the budget Cleary Industries Direct Materials Budget For the Months of January through March January February March Quarter Units to be produced Multiply by Quantity of direct is needed perit Quantity needed for production Plus Desired ending inventory of direct materials Total arity needed Less Beginning invertory of direct materials Quantity to purchase Multiply by. Cost per Total of direct mana purchase Enterrumbein the dels de continue to the nation mber of computer chips needed and the dollar amount of the purchases in th de Data Table - Mal Stuffed animals to be produced 5,300 January ... February 4,800 March ..... 4,200 April 4,900 Print Done uestion. MacBook Air