eBook Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 56,000 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 35 lbs. per unit 82 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 53,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 62,000 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 Pounds required for production: Passenger tires Truck tires Desired inventory, December 31, 2019 Total pounds available Rubber lbs. Steel Belts Total lbs. lbs. lbs. Estimated inventory, January 1, 2019 M 12:49 Steel belts 3 lbs. per unit 8 lbs. per unit TUWID Decome a 10. 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 53,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 62,000 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, 20Y9 Pounds required for production: Passenger tires Truck tires Desired inventory, December 31, 20Y9 Total pounds available Rubber lbs. Steel Belts Total lbs. lbs. lbs. Estimated inventory, January 1, 2019 Total units purchased lbs. lbs. Unit price