Three grams of muskoll are required for each bottle of Mink Caress, a very popular perfume made by a small company in westerni Siberta. The cost of the muskoll is $170 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 Year 3 First Second Third Fourth First Budgeted production in bottles 64,000 94,000 154,888 184, eee 74,888 The Inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 38,400 grams of musk oll 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. Year Third Fourth Mink Cars Direct Materials Budget - Year 2 Quarter First Second Estimated sales in units of finished goods 64,000 Units of raw materials needed per unit of finished goods 3 Units of raw materials needed to meet production 192,000 Add: Desired units of ending raw materials inventory 56,400 Total units of raw materials needed 248.400 Less Units of beginning ruw materials inventory 38,400 Units of raw materials to be purchased 210,000 Unit cost of raw materials 5 1.70 Cout of raw materials to purchased $ 357.000