Four grams of musk oil are required for each bottle of Mink Caress, a popular perfume made by a company in western Siberia. The cost of the musk oil is $1.60 per gram. Budgeted quarterly production of Mink Caress is given below for Year 2 and the first quarter of Year 3 : The inventory of musk oil at the end of a quarter must equal 20% of the following quarter's production needs. A total of 72,000 grams of musk oil will be on hand to start the first quarter of Year 2. Required: Prepare a direct materials budget for musk oll, by quarter and in total, for Year 2. \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Mink Cares5 } \\ \hline \multicolumn{6}{|c|}{ Direct Materials Budget - Yoar 2} \\ \hline & \multicolumn{4}{|c|}{ Quarter } & \multirow{2}{*}{ Year } \\ \hline & First & Second & Third & Fourth & \\ \hline \multicolumn{6}{|c|}{ inals needed per unit of finished good! } \\ \hline \multicolumn{6}{|c|}{ rials needed to meet production } \\ \hline \multirow{2}{*}{\multicolumn{6}{|c|}{ matorials noeded }} \\ \hline & & & & & \\ \hline \multicolumn{6}{|c|}{ irials to be purchased } \\ \hline \multicolumn{6}{|l|}{ aaterials } \\ \hline rals to purchased & & & & & \\ \hline \end{tabular}