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Chapter 22 HW Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 65,000 passenger car tires and 20,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 34 lbs. per unit 79 lbs. per unit Steel belts 6 lbs. per unit 15 lbs. per unit The purchase prices of rubber and steel are $3.60 and $4.70 per pound, respectively. The desired ending inventories of rubber and steel belts are 61,000 and 13,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 72,000 and 11,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year nded December 31, 2019. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2019 Steel Belts Rubber Total Pounds required for production: Passenger tires lbs. lbs. Truck tires Desired inventory, December 31, 2019 Total pounds available lbs. lbs. Chapter 22 HW 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 Steel Belts Rubber Total Pounds required for production: Passenger tires lbs. lbs. a Truck tires Desired inventory, December 31, 2019 lbs. Ibs. Total pounds available Estimated inventory, January 1, 2019 Total units purchased lbs. lbs. Unit price X $ XS A Total direct materials to be purchased Feedback Check My Work Remember to take into account materials required for production, desired ending materials inventory and estimated beginning materials inventory when calculating direct materials to be purchased