Smith Industries manufactures a popular interactive stuffed animal forhidrat requires the computer crios raide each to the company pays $2 for each computer chip to me to guard against out of the computer chip. Smith Industries has a policy that states that the ending eventory of computer chip should be east 30% of the following months production needs. The production schedule for the frutto months of two year is as follows (Clos the icon to view the production schedule Requirement Prepare a direct materials budget for the first quarter that shows both the ember of computer chips needed and the delar amount of the purchases in the budget ED Prepare the direct materials budget by first calculating the total quantity. The complete the Data table Smith Industries March Quarter January February March April Stuffed animals to be produced 3,100 4.000 4.300 4,700 Direct Materials Budget For the Month of January through March January February Units to be produced Multiply by: Quantity of direct materials needed per unit Quantity needed for production Pue Desired ending inventory of direct materials Total quantiyeded u Beginn entory Greet material Print Done My Compen Totalcorect muda