Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 41,000 passenger car tires and 12,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table: Passenger Car Truck Rubber 31 lbs. per unit 72 lbs. per unit Steel belts 4 lbs. per unit 10 lbs. per unit The purchase prices of rubber and steel are $3 and $3.9 per pound, respectively. The desired ending inventories of rubber and steel belts are 39,000 and 8,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 45,000 and 5,000 pounds, respectively. Prepare a direct materials 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, 2049 Rubber Steel Belts Total Pounds required for production: Passenger tires X lbs lbs. Truck tires Desired inventory, December 31, 2049 gogo lbs. lbs. Total pounds available Estimated inventory, January 1, 2049 Total units purchased Ibs lbs. Unit price X $ Total direct materials to be purchased s D