Direct Materials Purchases budget Anticipated sales for Safety Grip Company were 61,000 passenger car tires...
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Direct Materials Purchases budget Anticipated sales for Safety Grip Company were 61,000 passenger car tires and 18,000 truek tires. Rubber and steel beits are used in producing passenger car and truck tires according to the following table: The purchase prices of rubber and steel are $3.5 and $4.6 per pound, respectively. The desired ending inventories of rubber and steel beits are 57,000 and 12,000 pounds, respectively. The estimated beginning inventories for rubber and steel beits are 67,000 and 10,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20r9]
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