Nazaro’s Boot Company makes specialty boots for the rodeo circuit. On December 31, 2014, the company had (a) 300 pairs of boots in finished goods inventory and (b) 1,700 heels at a cost of $9 each in raw materials inventory. During 2015, the company purchased 42,000 additional heels at $9 each and manufactured 16,750 pairs of boots.

Required:

1.	Determine the unit and dollar amounts of raw materials inventory in heels at December 31, 2015.

	Number of units	Cost Per Unit	Total Cost
Beginning inventory, December 31, 2014
Purchases during 2015
Inventory available for production
Less: Inventory transferred into production
Ending inventory, December 31, 2015