Anticipated sales for Solid Grip Company were 55,000 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 34 lb. per unit 79 lb. per unit

Steel belts 3 lb. per unit 8 lb. per unit

The purchase prices of rubber and steel are $3.50 and $4.60 per pound, respectively. The desired ending inventories of rubber and steel belts are 52,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 61,000 and 9,000 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, 20 Y8 Pounds required for production: Passenger tires Unit price (per pound) Total direct materials to be purchased pounds required