Check my work Three 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 $1.60 per gram. Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3: Year 2 Second Third 92,090 152,800 First 62,880 Budgeted production, in bottles Year 3 First 72, Bee Fourth 192,899 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 quarters production needs. Some 37.200 grams of musk oil will be on hand to start the first quarter of Year 2 Required: Prepare a direct materials budget for musk ol, by quarter and in total, for Year 2. (Round "Unit cost of raw materials" answers to 2 decimal places.) Third F ourth Mink Caress Direct Materials Budget - Year 2 Quarter First Second Required production in units of finished goods Units of raw materials needed per unit of finished goods Units of raw materiais needed to meet production Add. Desired units of ending raw materials inventory Total units of raw materials needed Less: Units of beginning raw materials inventory Units of raw materials to be purchased Next > 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.) Third Fourth Mink Caress Direct Materials Budget - Year 2 Quarter First Second Required production in units of finished goods Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Add: Desired units of ending raw materials inventory Total units of raw materials needed Less Units of beginning raw materials inventory Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased