Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 44,000 passenger car tires and 13,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table: Passenger Car Truck Rubber Steel belts 3 lbs. per unit 8 lbs. per unit The purchase prices of rubber and steel are $3.4 and $4.5 per pound, respectively. The desired ending inventories of respectively. The estimated beginning inventories for rubber and steel 27 lbs. per unit 63 lbs, per unit rubber and steel beits are 41,000 and 9,000 pounds belts are 48,000 and 7,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20v9 Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Rubber Steel Belts Total Pounds required for production Passenger tires Truck tires Desired inventory, December 31, 20Y9 Total pounds available Estimated inventory, January 1,20Y9 Total units purchased Unt price Total direct materials to be purchased lbs.