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 $1.80 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 Year 3 First 80,000 Second 110,000 Third 170,000 Fourth 120,000 First 90,000 The inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 32,000 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. Mink Caress Direct Materials Budget - Year 2 Quarter Year First Second Third Fourth ces Estimated sales in units of finished goods 80,000 110,000 Units of raw materials needed per unit of finished goods. Units of raw materials needed to meet production 3 170,000 3 120,000 90,000 3 240,000 330,000 510,000 360,000 270,000 Add: Desired units of ending raw materials inventory 66.000 102,000 24,000 180,000 180,000 Total units of raw materials needed 306,000 432,000 534,000 540,000 450,000 Less: Units of beginning raw materials inventory 274,000 514,000 Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased