mework Question 2, E9-23A (similar Part 1 of 2 O Points: 0 of 2 save Johnson Industries manufactures a popular interactive stuffed animal for children that requires two computer chips inside each foy. The company pays $4 for each computer chip. To help to guard again stockouts of the computer chip, Johnson Industries has a policy that states that the ending inventory of computer chips should be at least 20% 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 Prepare the direct materials budget by first calculating the total quantly needed, then complete the budget Johnson Industries Direct Materials Budget For the Months of January through March 1 January Units to be produced Multiply by Quantity of direct materials needed per unt Quantity needed for production Plus Desired ending inventory of direct materials Total quantity needed Data table Stuffed animals to be produced February March Quarter January 15.200 February March 4,400 4.000 April 4,500 Print Done - X