3. Direct materials purchases budget

Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 57,000 passenger car tires and 17,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 29 lbs. per unit 68 lbs. per unit Steel belts 6 lbs. per unit 15 lbs. per unit The purchase prices of rubber and steel are $3.10 and $4.10 per pound, respectively. The desired ending inventories of rubber and steel belts are 54,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 63,000 and 9,000 pounds, respectively, Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2019 Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2019 Rubber Steel Belts Total Pounds required for production: Passenger tires Ibs lbs Truck tres Total pounds available los lbs. Total units purchased bo Ibu postuUCELLON Passenger Car Truck Rubber 29 lbs. per unit 68 lbs. per unit Steel belts 6 lbs. per unit 15 lbs. per unit The purchase prices of rubber and steel are $3.10 and $4.10 per pound, respectively. The desired ending inventories of 54,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 63,000 and Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2049. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2019 Rubber Steel Belts Total Pounds required for production: Passenger tires lbs. lbs. Truck tires Total pounds available Ibs. Ibs. lbs. Ibs. Total units purchased Unit price X x X SI Total direct materials to be purchased 10