Direct Materials Purchases Budget

Anticipated sales for Safety Grip Company were 34,000 passenger car tires and 10,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows:

Passenger CarTruckRubber31 lbs. per unit72 lbs. per unitSteel belts6 lbs. per unit15 lbs. per unit

The purchase prices of rubber and steel are $3.20 and $4.20 per pound, respectively. The desired ending inventories of rubber and steel belts are 32,000 and 7,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 37,000 and 5,000 pounds, respectively.

Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9.

RubberSteel BeltsTotalPounds required for production: Passenger tiresfill in the blank 1 lbs.fill in the blank 2 lbs. Truck tiresfill in the blank 3fill in the blank 4 Desired inventory, December 1, 20Y9Desired inventory, December 31, 20Y9Direct labor hourEstimated inventory, December 1, 20Y9Estimated inventory, December 31, 20Y9- Select -- Select - Total pounds availablefill in the blank 8 lbs.fill in the blank 9 lbs. DepreciationDesired inventory, January 1, 20Y9Desired inventory, January 31, 20Y9Estimated inventory, January 1, 20Y9Estimated inventory, January 31, 20Y9- Select -- Select - Total units purchasedfill in the blank 13 lbs.fill in the blank 14 lbs. Unit pricex $fill in the blank 15x $fill in the blank 16 Total direct materials to be purchased$fill in the blank 17$fill in the blank 18$fill in the blank 19