Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 49,000 passenger car tires and 15,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 29 lbs. per unit 68 lbs. per unit Steel belts 3 lbs. per unit 8 lbs. per unit The purchase prices of rubber and steel are $2.90 and $3.80 per pound, respectively. The desired ending inventories of rubber and steel belts are 46,000 and 10,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 54,000 and 8,000 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, 20Y9 Pounds required for production: Passenger tires Truck tires Rubber lbs. Steel Belts Total lbs. lbs. lbs. Total pounds available Tatal s lbs lbs. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 ounds required for production: Passenger tires Truck tires Rubber lbs. Steel Belts Total lbs. Total pounds available lbs. lbs. Total units purchased Unit price Total direct materials to be purchased lbs. lbs