Juda Industries manufactures a popular interactive stuffed animal for children that requires four 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 25% of the following month's production needs. The production schedule for the first four months of the year is as follows: E (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. Prepare me direct materiais Duaget Dyirst calculaung the total quantity needeu, uien complete me puuget. Juda Industries Data Table Direct Materials Budget For the Months of January through March January February 5,800 4,200 March Quarter 14,800 Stuffed animals to be produced 5,800 Units to be produced 4,800 3 3 4,200 January .... February March April ....... Multiply by: Quantity of direct materials needed per unit Quantity needed for production Plus: Desired ending inventory of direct materials Total quantity needed 4,800 17400 3150 12600 3600 14400 3300 444000 3300 4,400 20550 16200 17700 47700 Print Done Enter any number in the edit fields and then click Check