Three 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 $2.10 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 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. \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Mink Caress } \\ \hline \multicolumn{7}{|c|}{ Direct Materials Budget - Year 2} \\ \hline & & \multicolumn{4}{|c|}{ Quarter } & \multirow{2}{*}{ Year } \\ \hline & & First & Second & Third & Fourth & \\ \hline Required production in units of finished goods & - & 70,000 & 100,000 & 160,000 & 110,000 & 440,000 \\ \hline Units of raw materials needed per unit of finished goods & & 3 & 3 & 3 & 3 & 3 \\ \hline Units of raw materials needed to meet production & & 210,000 & 300,000 & 480,000 & 330nnn & 1320,000 \\ \hline Add: Desired units of ending raw materials inventory & & 60,000 & 96,000 & 66,004 & 3 & \\ \hline Total units of raw materials needed & & 270,000 & 396,000 & 546,00 & & . \\ \hline Less: Units of beginning raw materials inventory & & 42,000 & 60,000 & 96,000 & 66,000 & 42,000 \\ \hline Units of raw materials to be purchased & & 228,000 & 336,000 & 450,000 & & \\ \hline Unit cost of raw materials & & 2.10 & 2.10 & 2.10 & 2.10 & 2.10 \\ \hline Cost of raw materials to purchased & & 478,800 & 705,600 & 945,000 & & \\ \hline \end{tabular}