eBook Calculator Anticipated sales for Safety Grip Company were 55,000 passenger car tires and 17,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 34 lbs. per unit 79 lbs. per unit Steel belts 3 lbs. per unit 8 lbs. per unit The purchase prices of rubber and steel are $2.90 and $3.80 per pound, respectively. The desired ending inventories of rubber and steel belts are 52,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 61,000 and 9,000 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 Rubber Steel Belts Total Pounds required for production: Passenger tires Ibs Truck tires Ibs Total pounds available Ibs Ibs. lbs bis. Total units purchased Unit price Total direct materials to be purchased Check My Work Previous Next