Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 40,000 passenger car tires and 12,000 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 $3.7 and $4.8 per pound, respectively. The desired ending inventories of rubber and steel belts are 38,000 and 8,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 44,000 and 6,000 pounds, respectively Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9 30 lbs. per unit 70 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 bs. lbs. Passenger tires Truck tires bs. Total pounds available Total units purchased Unit price Total direct materials to be purchased bs. bs