HUILER HULL Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 70,000 passenger car tires and 21,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table: Passenger Car Truck Rubber 25 lbs. per unit 58 lbs. per unit Steel belts 4 lbs. per unit 10 lbs. per unit The purchase prices of rubber and steel are $3 and $3.9 per pound, respectively. The desired ending inventories of rubber and steel belts are 66,000 and 14,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 27,000 and 11,000 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 bs. Truck tires Total pounds available ins Total units purchased bs. Ibs Unit price Total direct materials to be purchased Previous Next > All work enved Submit Test for Grading