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 according to the following table: Rubber Steel belts Passenger Car Truck 30 lbs. per unit 70 lbs. per unit 6 lbs. per unit 15 lbs. per unit The purchase prices of rubber and steel are $3.2 and $4.2 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, 2019, Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2019 Pounds required for production: Passenger tires Truck tires Rubber Jbs. Steel Belts Total lbs. Total pounds available bs. lbs. Total units purchased lbs. Jbs Unit price Total direct materials to be purchased