Presion Industries manufactures a popular interactive stuffed animal for children that requires tree computer chips inside each tey. The company paya $2 for each computer chip. To help to guard against stockouts of the computer chip. Proton Industries has a policy that states that the ending inventory of computer chipe should be at least 30% of the following months production needs. The production schedulo for the first four months of the year is as follows: Click the icon to view the production schedule) Requirement Prepare a direct materiale budget for the first quarter that shows both the number of computer chips needed and the dollar amount of the purchases in the budget Propano the direct materiale budget by first calculating the total quantly needed, then complete the budget Preston Industries Direct Materials Budget For the Months of January through March January February March Quarter Unts to be produced Multiply by Quantity of direct materials needed per Quantly needed for production PeDesired ending invertory of direct materials Total entity ceeded Stuffed animals to be produced gh N 5,900 . January February March 4,400 . 4,500 --- April 4,300 -.. Print Done