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 $1.50 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 60,000 90,000 150,000 100,000 Year 3 First 70,000 Budgeted production, in bottles Musk oil has become so popular as a perfume ingredient that it has become necessary to carry la 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 36.000 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 (Round "Unit cost of raw materials" answers to 2 decimal places.) Mink Caress Direct Materials Budget- Year 2 Quarter First Second Third 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 60,000 90,000 150.000 180.000 270 000 450,000 180 000 270.000 Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to be purchased 180 000 270.000 1 50 S 21