Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 43,000 passenger car tires and 13,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 28 ib. per unit 65 lb. per unit Steel belts 6 lb, per unit 15 lb. per unit The purchase prices of rubber and steel are $2.9 and $3.8 per pound, respectively. The desired ending inventories of rubber and steel belts are 40,000 and 9,000 pounds, respectively. The estimated beginning inventories for rubber and strel belts are 47,000 and 7,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2048. When required, enter unit prices to the nearest cent. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2048 Rubber Steel Belts Total Pounds required for production: Passenger tires X ib. xib, Truck tires Plus desired inventory, December 31, 2018 Total pounds required X Ib X lb. Less desired Inventory, January 1, 20Y X 7.000 Total units purchased Unit price X 47.000 Ib. Ib. Total direct materials to be purchased Steel Belts Total X h Direct Materials Purchases Budget For the Year Ending December 31, 2018 Rubber Pounds required for production: Passenger tires Xib. Truck tires Plus desired Inventory December 31, 20YB Total pounds required XO Less desired Inventory Lamary20Y8 47.000 Total units purchased Unit price X X X XIb. 7.000 b. Total direct materials to be purchased . F Remember to take into account materials required for production, desired ending materials inventory and estimated beginning materials inventory when calculating direct materials to be purchased