Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 46,000 passenger car tires and 14,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows Truck 70 lb. per unit 15 lb. per unit Passenger Car 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 43,000 and 9,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 51,000 and 7,000 pounds, respectively Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y8. When required, enter unit prices to the nearest cent. 30 lb. per unit 6 lb. per unit Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y8 Rubber Steel Belts Total Pounds required for production Passenger tires lb. lb Truck tires Accounting numeric field Total pounds required b. b. Total units purchased lb lb Unit price Total direct materials to be purchased