Two 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 $1.90 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 Year 2 First 82,000 Second 112,000 Third 172,000 Fourth 122,000 Year 3 First 92,000 The inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 32,800 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. Answer is not complete. Mink Caress Direct Materials Budget-Year 2 Quarter Year First Second Third Fourth 82,000 112,000 172,000 122.000 488,000 2 2 20 20 2 224,000 344,000 244,000 976,000 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 164,000 Less: Units of beginning raw materials inventory 32,800 6 Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased 1.90 $ 1.90 $ 1.90 $ 1.90