Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 53,000 passenger car tires and 16,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 25 lbs. per unit 58 lbs. per unit Steel belts 7 lbs. per unit 18 lbs. per unit The purchase prices of rubber and steel are $3.50 and $4.60 per pound, respectively. The desired ending inventories of rubber and steel belts are 50,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 58,000 and 8,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2049. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2049 Rubber Steel Belts Total Pounds required for production: Passenger tires lbs. Ibs. Truck tires Total pounds available Ibs. lbs. Rubber Steel Belts Total Pounds required for production: Passenger tires Ibs. lbs. Truck tires Total pounds available Ibs. lbs. Total units purchased lbs. lbs. Unit price $ X $ Total direct materials to be purchased TA $ $