Anticipated sales for Safety Grip Company were 60,000 passenger car tires and 18,000 truck tires. Rubber...

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Anticipated sales for Safety Grip Company were 60,000 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 63 lbs. per unit 6 lbs. per unit 15 lbs. per unit The purchase prices of rubber and steel are $3.70 and $4.80 per pound, respectively. The desired ending inventories of rubber and steel belts are 56,000 and 12,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 66,000 and 10,000 pounds, respectively. 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 Line Item Description Pounds required for production: Passenger tires Truck tires Desired inventory, December 31, 2019 Total pounds available Rubber lbs. Steel Belts Total lbs. lbs. lbs. Estimated inventory January 2009 Total units purchased lbs. lbs. x Unit price Total direct materials to be purchased Anticipated sales for Safety Grip Company were 60,000 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 63 lbs. per unit 6 lbs. per unit 15 lbs. per unit The purchase prices of rubber and steel are $3.70 and $4.80 per pound, respectively. The desired ending inventories of rubber and steel belts are 56,000 and 12,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 66,000 and 10,000 pounds, respectively. 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 Line Item Description Pounds required for production: Passenger tires Truck tires Desired inventory, December 31, 2019 Total pounds available Rubber lbs. Steel Belts Total lbs. lbs. lbs. Estimated inventory January 2009 Total units purchased lbs. lbs. x Unit price Total direct materials to be purchased