Direct Materials Purchases Budget Anticipated sales for Solid Grip Company were 38,000 passenger car tires and 24,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 36 lb. per unit 80 lb. per unit Steel belts 6 lb. per unit 10 lb. per unit The purchase prices of rubber and steel are $1.40 and $0.90 per pound, respectively. The desired ending inventories of rubber and steel belts are 35,000 and 12,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 40,000 and 10,000 pounds, respectively. Prepare a direct materials purchases budget for Solid Grip Company for the year ended December 31, 20Y8. When required, enter unit prices to the nearest cent. Solid Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y8 Rubber Steel Belts Total Pounds required for production: Passenger tires fill in the blank 1 lb. fill in the blank 2 lb. Truck tires fill in the blank 3 fill in the blank 4 - Select - - Select - Total pounds required fill in the blank 8 lb. fill in the blank 9 lb. - Select - - Select - Total pounds to be purchased fill in the blank 13 lb. fill in the blank 14 lb. Unit price x $fill in the blank 15 x $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