eBook Print Item Anticipated sales for Safety Grip Company were 40,000 passenger car tires and 12,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table: Passenger Car Truck Rubber 34 lbs. per unit 79 tbs per unit Steel belts 7 lbs. per unit 18 lbs per unit The purchase prices of rubber and steel are $3.6 and $4.7 per pound, respectively. The desired ending inventories of rubber and steel beits are 38,000 and 8,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 44,000 and 6,000 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 lbs Ibs Truck tires Desired inventory, December 31, 2019 Total pounds available Ibs lbs Estimated Inventory, January 1, 2019 Total units purchased Ibs. ibs Unit price XS Total direct materials to be purchased D