Martinez Company makes leather cowboy hats.Each hat requires 1/2 yard of leather to produce.At the beginning of the year,the company had (a)75 hats in Finished Goods Inventory and (b)60 yards of leather at a cost of $12 per yard in Raw Materials Inventory.During the year,the company purchased 850 more yards of leather at $12 per yard and manufactured 1,600 hats.Determine the unit and dollar amounts of leather Raw Materials Inventory at the end of the year.

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The Answer of Martinez Company makes leather cowboy hats.Each hat requires 1/2 yard of leather to produce.At the beginning of the year,the company had (a)75 hats in Finished Goods Inventory and (b)60 yards of leather at a cost of $12 per yard in Raw Materials Inventory.During the year,the company purchased 850 more yards of leather at $12 per yard and manufactured 1,600 hats.Determine the unit and dollar amounts of leather Raw Materials Inventory at the end of the year.

Martinez Company Makes Leather Cowboy Hats