Anticipated sales for Sure Grip Tire Company were 48,000 passenger car tires and 14,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table: Passenger Car Truck Rubber 31 lbs. per unit 72 lbs. per unit Steel belts 4 lbs. per unit 10 lbs. per unit The purchase prices of rubber and steel are $3.3 and $4.3 per pound, respectively. The desired ending inventories of rubber and steel belts are 45,000 and 9,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 53,000 and 7,000 pounds, respectively. Prepare a direct materials purchases budget for Sure Grip Tire Company for the year ended December 31, 2016. When required, enter unit prices to the nearest cent. Sure Grip Tire Company Direct Materials Purchases Budget For the Year Ending December 31, 2016 Rubber Steel Belts Total Pounds required for production: Passenger tires lbs. lbs. Truck tires Total lbs. lbs. Total units purchased lbs. lbs. Unit price x $ x $ Total direct materials to be purchased $ $ $