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: Year 3 First Year 2 Second Third Fourth 110,000 170,000 120,000 First 90,000 Budgeted production, in bottles 80,000 7:31 Musk oil has become so popular as a perfume ingredient that it has become necessary to carry large 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 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 oll, by quarter and in total for Year 2. Required: Prepare a direct materials budget for musk ol, by quarter and in total, for Year 2 67 Dints Mink Caress Direct Materials Budget - Year 2 Quarter Second Otot 18 Flest Third Fourth Year 000 Units of raw materials needed pourt of finished goods Units of raw materials needed to meet production Hint Print Total units of raw materials needed References Units of raw materials to be purchased Unit cost of uw materials Cost of raw materials to purchased