Direct materials purchases budget Anticipated sales for safety Grip were 42,000 passenger car tires and 19,000 truck tires.Rubber and steel belts are used in producing passengers car and truck tires...

Direct materials purchases budget

Anticipated sales for safety Grip were 42,000 passenger car tires and 19,000 truck tires.Rubber and steel belts are used in producing passengers car and truck tires as follows:

The purchase price of rubber and steel are $1.20 and $0.80 per pound,respectively.The desired ending inventories of rubber and steel belts are 40,000 and 10,000 pounds,respectively.The estimated begining inventories for rubber and steel belts are 46,000 and 8,000 pounds,respectively.

Prepare a direct materials purchases budget for safety Grip Company for the year ended December 31,2018.

Extracted text: Passenger Car Truck Rubber 35 lb. per unit 78 lb. per unit Steel belts 6 lb. per unit 8 lb. per unit