Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 50,000 passenger car tires and 15,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table: The purchase prices of rubber and steel are $2.9 and $3.8 per pound, respectively. The desired ending inventories of rubber and steel belts are 47,000 and 10,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 55,000 and 8,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9