Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 60,000 passenger car tires and 18,000 truck tires. Rubber and steel beits are used in producing passenger car and truck tires as follow?: The purchase prices of rubber and steel are $2.90 and $3.80 per pound, respectively. The desired endino inventories of rubber and steel belts are 56,000 and 12,000 pounds, respectively. The estimated beginning inventories for rubber and steel beits are 66,000 and 10,000 pounds, respectively, repare a direct materials purchases budget for Safety Grip Company for the year ended December 31 , 20 Y 9