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 muskoll is $210 per gram Budgeted production of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3: Budgeted production, in bottles First 70,000 Year 2 Second Third Fourth 100,000 160,000 110,000 Year 3 First 30,000 Musk oll 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 oll at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 42,000 grams of musk oil will be on hand to start the first quarter of year 2 Required: Prepare a direct materials budget for musk oil, by quarter and in total, for Year 2 Third 160,000 Fourth 110,000 Year 440.000 Mink Caress Direct Materials Budget - Year 2 Quarter First Second Required production in units of finished goods 70,000 100 000 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