Direct materials purchases budget Anticipated sales for Safety Grip Company were 52,000 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 Steel belts 34 lbs. per unit 79 lbs. per unit 4 lbs. per unit 10 lbs. per unit The purchase prices of rubber and steel are $3.40 and $4.50 per pound, respectively. The desired ending inventories of rubber and steel belts are 49,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 57,000 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 Line Item Description Pounds 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 Check My Work lbs. lbs. Email Instructor Save and Exit Previous Next > Submit Assignment for Grading