Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 34,000 passenger car tires and 10,000 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 4 lbs. per unit 10 lbs. per unit The purchase prices of rubber and steel are $3.4 and $4.5 per pound, respectively. The desired ending inventories of rubber and steel belts are 32,000 and 7,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 37,000 and 5,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9. 26 lbs. per unit 61 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 3,005,000 lbs. Truck tires Total pounds available Total units purchased Unit price Total direct materials to be purchased