Anticipated sales for Safety Grip Company were 73,000 passenger car tires and 22,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 34 lbs. per unit 79 lbs. per unit Steel belts 7 lbs. per unit 18 lbs. per unit The purchase prices of rubber and steel are $3.40 and $4.50 per pound, respectively. The desired ending inventories of rubber and steel belts are 69,000 and 15,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 80,000 and 12,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Line Item Description Pounds required for production: Passenger tires Truck tires Rubber lbs. Steel Belts Total lbs. Desired inventory, December 31, 20Y9 69,000 15,000 Total pounds available Estimated inventory, January 1, 20Y9 lbs. lbs. 80,000 12,000 Total units purchased Unit price lbs. lbs. x $ 3.40 x $ 4.50