Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 65,000 passenger car tires and 20,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table: Passenger Car Truck Rubber 27 lbs. per unit 63 tbs. per unit Steel belts 5 lbs. per unit 13 lbs. per unit The purchase prices of rubber and steel are $3.3 and 54.3 per pound, respectively. The desired ending inventories of rubber and steel belts are 61,000 and 13,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 72,000 and 11,000 pounds, respectively. Prepare a direct materiais 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, 2019 Rubber Pounds required for production: Passenger tires lbs. Truck tires Desired inventory, December 31, 2049 Total pounds avallable Estimated Inventory, January 1, 2019 Total units purchased Unit Price Steel Belts Total Ibs lbs os lbs lbs. Total direct maternis to be purchased