Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 35,000 passenger car tires and 11,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table: Passenger Car Truck Rubber Steel belts The purchase prices of rubber and steel are $3.5 and $4.6 per pound, respectively. The desired ending inventories of rubber and steel belts are 33,000 and 7,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 39,000 and 6,000 pounds, respectively Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9 34 lbs. per unit 79 lbs. per unit 7 lbs. per unit 18 lbs. per unit Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Rubber Steel Belts Total Pounds required for production Passenger tires bs. lbs. Truck tires Total pounds available bs. bs. lbs. Total units purchased Unit price Total direct materials to be purchased bs