Direct materials purchases budget

Anticipated sales for Safety Grip Company were $32,000$ passenger car tires and $10,000$ 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 $$2\mathrm{.}80$ and $$3\mathrm{.}70$ per pound, respectively. The desired ending inventories of rubber and steel belts are $30,000$ and $7,000$

pounds, respectively. The estimated beginning inventories for rubber and steel belts are $35,000$ and $5,000$ 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 $9$

Line Item Description

Pounds required for production:

Passenger tires

Rubber

Steel Belts

Total

Truck tires

Total pounds available

Total units purchased

Ibs.

Ibs.

Ibs.

lbs$.$

Unit price

Ibs.

Ibs.

$$$

$x$$

Total direct materials to be purchased

$

$