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 32 lbs. per unit 75 lbs per unit Steel belts 7 lbs. per unit 18 lbs. per unit The purchase prices of rubber and steel are $3.00 and $3.90 per pound, respectively. The desired ending inventories of rubber and steel belts are 48,000 and 10,000 pounds, respectively. The estimate 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 Pounds required for production Passenger tires Truck tires Total pounds available Total units purchased Unit price Total direct materials to be purchased Rubber lbs 105. xx Steel Belts Total 106.