Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 51,000 passengercar

Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 51,000 passengercar

Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 51,000 passengercar tires and 15,000 truck tires. Rubber and steel belts are usedin producing passenger car and truck tires according to thefollowing table: The purchase prices of rubber and steel are $3.3 and $4.3 perpound, respectively. The desired ending inventories of rubber andsteel belts are 48,000 and 10,000 pounds, respectively. Theestimated beginning inventories for rubber and steel belts are56,000 and 8,000 pounds, respectively. Prepare a direct materials purchases budget for Safety GripCompany for the year ended December 31, 20Y9. . . .

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