Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 47,000 passenger car tires and 14,000 truck tires Rubber and steel belts are used in producing pussenger car and truck tires according to the following table: Passenger Car Truck Rubber 30 lbs. per unit 70 lb, per unit Steel belts 3 lbs. per unit Bibs per unit The purchase prices of rubber and steel are $36 and 54.7 per pound, respectively. The desired ending inventories of rubber and steel belts are 44,000 and 9,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are $2,000 and 7,000 pounds, respectively Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2010 Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2019 Rubber Steel Belts Total Pounds required for production Passenger tires is Truck tires Desired Inventory, December 2010 Total pounds available los Estimated inventory, January 1, 2019 Total units purchased lbs bs 15 Unit price Total direct materials to be purchased