Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 55,000 passenger car tires and 17,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table: Passenger Car Rubber Steel belts Truck 30 lbs. per unit 70 lbs. per unit 3 lbs. per unit 8 lbs. per unit The purchase prices of rubber and steel are $2.8 and $3.7 per pound, respectively. The desired ending inventories of rubber and steel belts are 52,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 61,000 and 9,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Pounds required for production: Passenger tires Truck tires Total pounds available Total units purchased Unit price Total direct materials to be purchased Rubber lbs. lbs. lbs. ; x $ x $ Steel Belts Total lbs. lbs. lbs.