3 Four grams of musk oil are required for each bottle of Mink Caress, a very popular perfume made by a small company in western Siberia. The cost of the musk oil is $1.90 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3 0.6 points Year 2 First Second Third Fourth 96,000 126,000 186,000 136,000 Year3 First 106,000 Budgeted production, in bottles eBook Musk oil has become so popular as a perfume ingredient that it has become necessary to carry large inventories as a precaution against stock-outs. For this reason, the inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 76,800 grams of musk oil will be on hand to start the first quarter of Year 2 Hint Required Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. (Round "Unit cost of raw materials" answers to 2 decimal places.) Print Mink Caress Direct Materials Budget- Year 2 First Second Third Fourth Year production in units of finished goods 96,000 126,000 186,000 136,000 544,000 Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production 384,000 504,000 744,000 544,000 2,176,000 Desired units of ending raw materials inventory Total units of raw materials needed ess: Units of beginning Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased raw materials inventory