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Direct materials purchibses bodglet Anticipated sales for Safety Grip Company were 75,000 passenger car tires and 23,000 truck tires. Rubber and steel belts are used

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Direct materials purchibses bodglet Anticipated sales for Safety Grip Company were 75,000 passenger car tires and 23,000 truck tires. Rubber and steel belts are used in producing passenger car and truch tires as follows: The purchase prices of rubber and steel are $2.80 and $3.70 per pound, respectively. The desired ending inventories of rubber and steel beits are 71,000 and 15,000 pounds, respectively, The estimated beginning inventories for rubber and steel belts are 83,000 and 12,000 pounds, respectively. Prepare a direct makerials purchases budget for Safety Crip Company for the year ended December 31, 20r9

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