Direct Materials Purchases Budget Anticipated sales for Solid Grip Company were 69,000 passenger car tires and 21,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car 26 lb. per unit 7 lb. per unit Rubber Steel belts 61 lb. per unit 18 lb. per unit The purchase prices of rubber and steel are $3.50 and $4.60 per pound, respectively. The desired ending inventories of rubber and steel belts are 65,000 and 14,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 76,000 and 11,000 pounds, respectively. Truck 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 Pounds required for production: Passenger tires Truck tires Plus desired inventory, December 31, 20Y8 Total pounds required Plus estimated inventory, January 1, 20Y8 Total pounds to be purchased Unit price (per pound) Total direct materials to be purchased Rubber lb. lb. lb. Steel Belts X $ lb. lb. lb. Total Next Submit Test for Grading

Direct Materials Purchases Budget Anticipated sales for Solid Grip Company were 69,000 passenger car tires and 21,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: The purchase prices of rubber and steel are $3.50 and $4.60 per pound, respectively. The desired ending irventories of rubber and steel belts are 65,000 and 14,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 76,000 and 11,000 pounds, respectively. Prepare a direct materials purchases budget for Solid Grip Company for the year ended December 31, 20r8. When required, enter unit prices to the nearest cent