Direct materials purchases budget Anticipated sales for Safety Grip Company were 69,000 passenger car tires and 21,000 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 $3.40 and $4.50 per pound, respectively. The desired ending inventories of rubber and steel belts are 65,000 and 14,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 76,000 and 11,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20 Y. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31,209. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20 Y9 Line Item Description Pounds required for production: Passenger tires Truck tires Desired inventory, December 31,20rg Total pounds available Enimated inventory, January 1.20rg Total direct materials to burchased