Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 59,000 passenger car tires and 18,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber Steel belts 27 lbs. per unit 4 lbs. per unit 63 lbs. per unit 10 lbs. per unit The purchase prices of rubber and steel are $3.50 and $4.60 per pound, respectively. The desired ending inventories of rubber and steel belts are 55,000 and 12,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 65,000 and 10,000 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, 2049 Rubber Steel Belts Pounds required for production: Passenger tires lbs. Total Ihs Truck tires Desired inventory, December 31, 2019 Total pounds available Estimated inventory, January 1, 2019 Total units purchased Unit price Total direct materials to be purchased