Two grams of musk ol are required for each bottle of Mink Caress, o very popular perfume made by a small compony in western Siberia. The cost of the musk oll is $1.80 per gram. Budgeted production of Mink Caress is given below by quarters for Yeor 2 ond for the first quarter of Year 3 : The inventory of musk oll at the end of a quarter must be equal to 20% of the following quarter's production needs. Some 32,000 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