Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 45,000 passenger car tires and 14,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 28 ib. per unit 65 ib. per unit Steel belts 4 lb, per unit 10 lb. per unit The purchase prices of rubber and steel are $2.8 and $3.7 per pound, respectively. The desired ending inventories of rubber and steel belts are 42,000 and 9,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 50,000 and 7,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2048. When required, enter unit prices to the nearest cent Steel Belts Total Ib. Direct Materials Purchases Budget For the Year Ending December 31, 2048 Rubber Pounds required for production: Passenger tires 28 X lb. Truck tires Plus desired inventory, December 31, 2018 Total pounds required Less estimated inventory, January 1, 2018 Total units purchased Unit price E b. Ib. Ib. Ib. Total direct materials to be purchased o