Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 53,000 passenger car tires and 16,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 34 lb. per unit 79 lb. per unit Steel belts 5 lb. per unit 13 lb. per unit The purchase prices of rubber and steel are $3.3 and $4.3 per pound, respectively. The desired ending Inventories of rubber and steel belts are 50,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 58,000 and 8,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2018. When required, enter unit prices to the nearest cent. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y8 Rubber Steel Belts Pounds required for production: Passenger tires Truck tires Total pounds required Rubber Steel belts 34 lb. per unit 5 lb. per unit 79 lb. per unit 13 lb. per unit The purchase prices of rubber and steel are $3.3 and $4.3 per pound, respectively. The desired ending inventories of rubber and steel belts are 50,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 58,000 and 8,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2018. When required, enter unit prices to the nearest cent. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2018 Rubber Steel Belts Total Pounds required for production: Passenger tires Truck tires Total pounds required Total units purchased Unit price $ Total direct materials to be purchased