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Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 31,000 passenger car tires and 9,000 truck tires. Rubber and steel belts are used

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Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 31,000 passenger car tires and 9,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table: Passenger Car Truck Rubber Steel belts 5 lbs. per unit 13 lbs. per unit The purchase prices of rubber and steel are $3.4 and $4.5 per pound, respectively. The desired ending inventories of rubber and steel belts are 29,000 and 6,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 34,000 and 5,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9 35 lbs. per unit 82 lbs. per unit Safety Grip Company For the Year Ending December 31, 20Y9 Rubber Total Pounds required for production liei Truck tires bs bs Total pounds available bs. Total units purchased Unit price Total direct materials to be purchased

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