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Nazaro's boot company makes specially boots for the rodeo circuit. On December 31, 2016, the company had (a) 300 pairs of boots and finished good
Nazaro's boot company makes specially boots for the rodeo circuit. On December 31, 2016, the company had (a) 300 pairs of boots and finished good inventory and (b) 1200 heels at a cost of eight dollars each and raw materials inventory. During 2017, the company purchased 35,000 additional heels at eight dollars each and manufactured 16,600 pairs of boots. Determine the unit and dollar amount of raw materials inventory and heels at December 31, 2017.
Securehttp es Applications Background to the C k 1 Assignment 2 New Tb t of Pevety Te We e Sult and Ligh 3 Problem 18-4A Ending inventory computation and evaluation LO C4 83 Nazaro's Boot Company makes speciaity boots for the rodeo circuit On December 31, 20%, the company had (aj 300 pairs of finighed goods inventory and tbj 1,200 heels at a cost of $8 each in raw material's inventory During 2017, the company purchased 35,000 additional heels at $8 each and manufactured 16,600 pairs of boots Required: 1. Determine the unit and doiar amount of aw maenials nentory in heels at December 31 2017 Purchases duning 2017 Endirg nvertory,December 31, 2017 Step by Step Solution
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