Direct matarlals purchasas budget In producing passenger car and truck tires as followa: The purchase prices of rubber and steel are $3.00 and $3.90 per pound, respectively. The desired anding inventones af rubbers and steel belts are 36,000 and 7,000 pounds, respectively. The estimated beginning inventaries for rubber and steel belts are 42,000 and 6,000 pounds, respectively. Prepare a direct materiais purchases budget for Safety Grip Company for the year ended December 31,20Y9. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Line Item Description Rubber Steel Belts - Total Pounds required for production