Direct materials purchases budget Anticipated sales for Safety Grip Company were 31,000 passenger car tires and 9,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: The purchase prices of rubber and steel are $3.50 and $4.60 per pound, respectively. The desired ending inventories of rubber and steel belts are 29,000 and 6,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 34,000 and 5,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31,20Y9. Safety Grip Company Direct Materials Purchases Budget For the Year Fndinn Neremher 31 DYYo