Nazaro’s Boot Company makes specialty boots for the rodeo circuit. At the beginning of the year, the company had (a) 300

[answerhappygod]

Nazaro’s Boot Company makes specialty boots for the rodeo
circuit. At the beginning of the year, the company had (a) 300
pairs of boots in finished goods inventory and (b) 1,500 heels at a
cost of $18 each in raw materials inventory. During the year, the
company purchased 38,000 additional heels at $18 each and
manufactured 16,700 pairs of boots.

Required:
1. Determine the unit and dollar amounts of
raw materials inventory in heels at year-end.
2. Compute the dollar amount of
working capital that can be reduced at year-end if the ending heel
raw material inventory is cut by half.