Kyler industries manutactures a popular interactive stutled animal for children that requires four computer chips inside each toy. The company pays $11 for each computer chip. To help to guard against stockouts of the compuler chip, Kyler 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 frst four months of the year is as follows: (Oick the icon to vew the production schedule) Requirement Prepare a direct materials budget for the frist quarter that shows both the number of computer chips needed and the dollar amount of the purchases in the budgot. Prepare the drect materials budget by frst calovaling the toel quantey needed, then complete the budgot. Data table