Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 62,000 passenger car tires and 19,000 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 $3.3 and $4.3 per pound, respectively. The desired ending inventories of rubber and steel belts are 58,000 and 13,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 68,000 and 10,000 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 Truck tires Desired Inventory, December 31, 2019 lbs. lbs. lbs. Ibs Total pounds available Estimated Inventory, January 1, 2019 V Total units purchased Unit price lbs. Ibs. Total direct materials to be purchased