Nazaros 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.