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Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 32,000 passenger car tires and 10,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 31 lbs. per unit 72 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 30,000 and 7,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 35,000 and 5,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, MW. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2W9. Safety Grip Company Direct Materials Purehases Budget For the Year Ending December 31: 20\" Rubber Steel Belts Total Pounds required for production: Passenger tires C] lbs. C] lbs. mm D :1 ' Q Q Total pounds available E lbs. D lbs. V C] C] Total units purchased S ibs. S lbs. 51:] G Unit price 3: Total direct rnaberials to be purchased D C G