eBook Printem Anupated sales for Safety Corp company were 4000 passenger car tres and 2.000 trucuresHubber 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 lbs. 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 belts 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, 2049. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2019 Rubber Steel Belts Total Pounds required for production: Passenger tires 1.100.000 Ibs 280,000 lbs Truck tires 400 X 216.000 Desired Inventory, December 31, 2019 8,000 Total pounds available 250.000 X lbs 564,000 lbs Estimated Inventory, January 1, 2019 -4000 6,000 Total units purchased -214,000 X lbs. 498,000 lbs Unit price 36 4.7 Total direct materials to be purchased 7,704,000 X 2,340.000 10,041.600X 3.000 Check My Work