Direct Materials Purchases Budget Anticipated sales for Solid Grip Company were 51,000 passenger car tires and 15,000 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 inventories of rubber and steel belts are 48,000 and 10,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 56,000 and 8,000 pounds, respectively. Prepare a direct materials purchases budget for Solid Grip Company for the year ended December 31,20 Y. When required, enter unit prices to the nearest cent