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 39,000 additional heels at $18 each and manufactured 16.350 pairs of boots. Required: 1. Determine the unit and dollar amounts of raw materials inventory in heels at year-end. Number of units Cost per unit Total cost X / Beginning inventory Purchases during the year Inventory available for production Less: Inventory transferred into production Ending inventory v 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. Working capital