Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 75,000 passenger car tires and 23,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 29 lb. per unit 68 lb. per unit Steel belts 6 lb. per unit 15 lb. per unit The purchase prices of rubber and steel are $3.3 and $4.3 per pound, respectively. The desired ending inventories of rubber and steel belts are 71,000 and 15,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 83,000 and 12,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y8. When required, enter unit prices to the nearest cent. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y8 Rubber Steel Belts Total Pounds required for production: Passenger tires lb. lb. Truck tires Plus desired inventory, December 1, 20Y8 Total pounds required lb. lb. Less estimated inventory, January 31, 20Y8 Total units purchased lb. lb. Unit price x $ x $ Total direct materials to be purchased $ $ $ 5 more Check My Work uses remaining.