Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 32,000 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 32 lbs. per unit 75 lbs. per unit 3 lbs. per unit 8 lbs. per unit The purchase prices of rubber and steel are $3 and $3.9 per pound, respectively. The desired ending inventories of rubber and steel belts are 30,000 and 7,000 pounds, respectively. The estimated beginning Inventories for rubber and steel belts are 35,000 and 5,000 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 Rubber Steel Belts Total Pounds required for production: Passenger tires lbs. lbs Truck tires Estimated inventory, December 1 2019 30,000 7,000 Total pounds available ibs lbs. 35,000 5,000 Total units purchased lbs lbs. Unit price 3 x 3.9 Total direct materials to be purchased