Direct Materials Purchases Budget

Anticipated sales for Solid Grip Company were $33,000$ passenger car tires and $10,000$ truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows:

Passenger Car Truck

Rubber $34$ lb$.$ per unit $79$ lb$.$ per unit

Steel belts $5$ lb$.$ per unit $13$ lb$.$ per unit

The purchase prices of rubber and steel are $$3\mathrm{.}50$ and $$4\mathrm{.}60$ per pound, respectively. The desired ending inventories of rubber and steel belts are $31,000$ and $7,000$ pounds, respectively. The estimated beginning inventories for rubber and steel belts are $36,000$ and $5,000$ pounds, respectively.

Prepare a direct materials purchases budget for Solid Grip Company for the year ended December $31,20$Y$8.$ When required, enter unit prices to the nearest cent.Solid Grip Company

Direct Materials Purchases Budget

For the Year Ending December $31,20Y8$