Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 70,000 passenger car tires and 21,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 35 lbs. per unit 82 lbs. per unit Steel belts 4 lbs. per unit 10 lbs. per unit The purchase prices of rubber and steel are $3.10 and $4.10 per pound, respectively. The desired ending inventories of rubber and steel belts are 66,000 and 14,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 77,000 and 11,000 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, 2049 Rubber Steel Belts Pounds required for production: Passenger tires lbs. lbs. Total Truck tires Total pounds available lbs. Ibs. Total units purchased lbs. lbs. Unit price $ X $ Total direct materials to be purchased A