Anticipated sales for Solid Grip Company were 44,000 passenger car tires and 13,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows:

	Passenger Car	Truck
Rubber	26 lb. per unit	61 lb. per unit
Steel belts	5 lb. per unit	13 lb. per unit

The purchase prices of rubber and steel are $3.20 and $4.20 per pound, respectively. The desired ending inventories of rubber and steel belts are 41,000 and 9,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 48,000 and 7,000 pounds, respectively.

Prepare a direct materials purchases budget for Solid Grip Company for the year ended December 31, 20Y8. When required, enter unit prices to the nearest cent.

Solid Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y8

	Rubber	Steel Belts	Total
Pounds required for production:
Passenger tires	lb.	lb.
Truck tires
Less desired inventory, December 1, 20Y8Less desired inventory, December 31, 20Y8Plus desired inventory, December 31, 20Y8Plus estimated inventory, December 1, 20Y8Plus estimated inventory, December 31, 20Y8Plus estimated inventory, December 31, 20Y8	Plus estimated inventory, December 31, 20Y8	Plus estimated inventory, December 31, 20Y8
Total pounds required	lb.	lb.
Less desired inventory, January 1, 20Y8Less estimated inventory, January 1, 20Y8Less estimated inventory, January 31, 20Y8Plus estimated inventory, January 1, 20Y8Plus estimated inventory, January 31, 20Y8Less estimated inventory, January 1, 20Y8	Less estimated inventory, January 1, 20Y8	Less estimated inventory, January 1, 20Y8
Total pounds to be purchased	lb	lb
Unit price (per pound)	x $	x $
Total direct materials to be purchased	$	$	$