Direct materials purchases budget Anticoated sales for Safety Grip Company were 67,000 passenger car tires and 20,000 truck tires. Rubber and steel belts are used in producing pessenger car and truck tires as follows Passenger Car Truck Rubber Steel belts 34 lbs per unit 79 per 7 lbs. per unit 18 lbs. per unit The purchase prices of rubber and steel are $3.00 and $3.50 per pound, respectively. The desired ending inventories of rubber and steel belts are 63,000 and 13,000 pounds respectively. The estimated beginning idventories for rubber and steel belts are 74,000 and 11,000 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, 2019 Line Item Description Pounds required for production Passenger tires Truck tires Desired inventory, December 31, 2019 Total pounds available Estimated inventory, January 1, 2019 Total units purchased Unit price Total direct materials to be purchased 92 . 2 Check My Work 80 P 14 Rubber % 85 54 #3 W E R S FS Steel Belts Total lbs. 21. All work saved. MacBook Air ^ 6