Check Two 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: Year 2 First Second Third Fourth 82,000 112,000 172,888 122,000 Year 3 First 92,000 Budgeted production, in bottles 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 32,800 grams of musk oil will be on hand to start the first quarter of Year 2. Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2. Year Fourth 122.000 Mink Caress Direct Materials Budget - Year 2 Quarter First Second Required production in units of finished goods 82,000 112,000 Units of raw materials needed per unit of finished goods 2 Units of raw materials needed to meet production 164.000 224,000 Add: Desired units of ending raw materials inventory Total units of raw materials needed Less: Desired units of ending raw materials inventory 32 800 Third 172,000 2 344,000 244,000