Anticipated sales for Safety Grip Company were 74,000 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 26 lbs. per unit 61 lbs. per unit 8 lbs. per unit Steel belts 3 lbs. per unit The purchase prices of rubber and steel are $3.70 and $4.80 per pound, respectively. The desired ending inventories of rubber and steel belts are 70,000 and 15,000 pounds, respectively. estimated beginning inventories for rubber and steel belts are 81,000 and 12,000 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 Pounds required for production: Passenger tires Truck tires Rubber lbs. Steel Belts Total Desired inventory, December 31, 2019 Total pounds available lbs. lbs Estimated inventory, January 1, 2019 Total units purchased Unit price Total direct materials to be purchased Check My Work more Check My Work uses remaning lbs. lbs. Previous