Juda Industries manufactures a popular interactive stuffed animal for children that requires three computer chips inside each toy. The company pays $2 for each computer chip. To help to guard against stockouts of the computer chip, Juda Industries has a policy that states that the ending inventory of computer chips should be at least 30% 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 Stuffed animals to be produced January ..... February .... 5,200 4,500 4,400 March ...... April.. 4,600 TIus. DIUCIuII9IVIUIy UIUIIIIgGIas Total quantity needed Less: Beginning inventory of direct materials Quantity to purchase Multiply by: Cost per unit Enter any number in the edit fields and then continue to the next