Problem 14-4A Ending inventory computation and evaluation LO C4 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) 1,300 heels at a cost of $14 each in raw materials inventory. During 2017, the company purchased 37,000 additional heels at $14 each and manufactured 16,800 pairs of boots. Required: 1. Determine the unit and dollar amounts of raw materials inventory in heels at December 31, 2017. Answer is complete but not entirely correct. Beginning inventory, December 31, 2016 Purchases during 2017 Inventory available for production Less: Inventory transferred into production Ending inventory, December 31, 2017 Number of Cost per Total cost units unit 1,300 $ 14 $ 18,200 37,000 $ 14 518,000 38,300 $ 14 536,200 35,700 X $ 14 499,800 2,600 $ 14 $ 36,400