Anticipated sales for Goodman Tire Company were 36,000 passenger car tires and 16,000 truck tires. There were no anticipated beginning finished goods inventories for either product. The planned ending finished goods inventories were 2,500 units for each product. Rubber and steel belts are used in producing passenger car and truck tires according to the following table:

The purchase prices of rubber and steel are $2.80 and $3.60 per pound, respectively. The desired ending inventories of rubber and steel belts are 40,000 and 6,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 70,000 and 5,000 pounds, respectively.
The following materials purchases budget was prepared for Goodman Tire Company:

Correct the direct materials purchases budget for Goodman TireCompany.

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Passenger Car Truck Rubber Steel belts bs. per unit 25 lbs. per nit 60 lbs. per unit 8 lbs. per unit Goodman Tire Company Direct Materials Purchases Budget For the Year Ending December 31, 2006 Rubber Steel Belts Total Units required for production: 900,000 lbs 960,000 1,860,000 bs 108,000 lbs. 128,000 236,000 lbs. x $3.60 $849,600 Total direct materials purchases$5,208,000 $6,057,600