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:

The purchase prices of rubber and steel are $$3\mathrm{.}40$ and $$4\mathrm{.}50$ 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 $31,20$ Y$9.$

Safety Grip Company

Direct Materials Purchases Budget

For the Year Ending December $31,20$ Y $9$