Direct Haterials Purchases Budget Anticipated sales for Safety Grip Company were $3,000 passenger car tires and 16,000 truck tires, Rubber and steel belts are used in producing passenger car and truck tires as follows Passenger Car Truck Rubber 32 lbs per unit 75 lbs. per unit Steel belts 4 lbs. per unit 10 lbs. per unit The purchase prices of rubber and steel are $3.10 and $4.10 per pound, respectively. The desired ending inventories of nutter and steel belts are 50,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 50,000 and 8,000 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 Desired inventory, December 172019 Total pounds available Estimated inventory, January 1, 2019 Total units purchased Unit price Total direct materials to be purchased Rubber 106 Steel Belts Total ID. RO