Nazaro's Boot Company makes specialty boots for the rodeo circuit. On December 31, 2016, the company had (a) 300 pairs of boots in finished goods inventory and (b) 1,700 heels at a cost of $18 each in raw materials inventory. During 2017, 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 December 31, 2017 Number of units Cost per unit Total cost Beginning inventory, December 31, 2016 Purchases during 2017 Inventory available for production Less: Inventory transferred into production Ending inventory, December 31, 2017