The purchase prices of rubber and steel are $3.40 and 54.50 per pound, respectively. The desired ending inventories ot fubber and steeri belts are 62,000 and 13,000 pounds, respectively. The estimate beginming inventories for rubber and steel belts are 73,000 and 11,000 pounds, fespectively. Pregare a direct materials purchates budget for Safety Grip Company for the year ended December 31, 20r9