Anticipated sales for Solid Grip Company were 50,000 passenger car tires and 15,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows:

Passenger CarTruckRubber30 lb. per unit70 lb. per unitSteel belts4 lb. per unit10 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 47,000 and 10,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 55,000 and 8,000 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.

RubberSteel BeltsTotalPounds required for production: Passenger tiresfill in the blank 1lb.fill in the blank 2lb. Truck tiresfill in the blank 3fill in the blank 4 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, 20Y8- Select -- Select - Total pounds requiredfill in the blank 8lb.fill in the blank 9lb. 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, 20Y8- Select -- Select - Total pounds to be purchasedfill in the blank 13lb.fill in the blank 14lb. Unit price (per pound)x $fill in the blank 15x $fill in the blank 16 Total direct materials to be purchased$fill in the blank 17$fill in the blank 18$fill in the blank 19