value 1000 points Nazaros Boot Company makes specialty boots

value: 10.00 points Nazaro\'s Boot Company makes specialty boots for the rodeo circuit. On D had (a) 300 pairs of boots in finished goods materials inventory. During 2015, the comp manufactured 16.450 pairs of boots 31, 2014 the company inventory and (b) 2.000 heels at a cost of $12 each in raw any purchased 44.000 additional heels at $12 each and Required 1. Determine the unit and dollar amounts of raw materiais inventory in heels at December 31, 2015 Nü ber of u t Per UnitTotal 2.000 s 44.000$ 46.000 S 31, 2014 2S24.000 12 528,000 inventory available for production 0 Ending inventory December 31. 2015 46.000s 12S552,000

Solution

Number of units Cost per unit Total cost Beginning inventory, December 31,2014 2000 12 24000 Purchases during 2015 44000 12 528000 Inventory available for production 46000 12 552000 Less: Inventory transferred into production 32900 12 394800 Ending inventory, December 31,2015 13100 12 157200