Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 51,000 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 28 lbs. per unit 65 lbs, per unit Steel belts 6 lbs. per unit 15 lbs, per unit The purchase prices of rubber and steel are $3.50 and $4.60 per pound, respectively. The desired ending inventories of rubber and steel belts are 48,000 and 10,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 56,000 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, 2019 Rubber Steel Belts Total Pounds required for production Passenger tires Ibs. lbs. Truck tires Desired Inventory, December 31, 2019 ibs lbs. Total pounds available Estimated Inventory, January 1, 2019 Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2049. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2049 Rubber Steel Belts Total Pounds required for production: Passenger tires lbs. Ibs. Truck tires Desired Inventory, December 31, 2019 lbs. Ibs. Total pounds available Estimated Inventory, January 1, 2019 lbs. lbs. Total units purchased XS Unit price Total direct materials to be purchased Footback Check My Wor Remember to take into account materials required for production desired ending materials inventory and estimated beginning materials inventory when calculisting direct materials to be purchased