Question

What type of company is Laredo Boot Company according to the question?

a. Software development
b. Rodeo event organizer
c. Boot manufacturing
d. Financial services

How many pairs of boots did Laredo Boot Company have in finished goods inventory on December 31, 2008?
a. 100 pairs
b. 300 pairs
c. 500 pairs
d. 700 pairs

What was the cost per heel in the raw materials inventory on December 31, 2008?
a. $8
b. $12
c. $16
d. $20

How many additional heels did the company purchase during 2009?
a. 23,000 heels
b. 46,000 heels
c. 69,000 heels
d. 92,000 heels

How many pairs of boots did the company manufacture during 2009?
a. 8,400 pairs
b. 16,800 pairs
c. 25,200 pairs
d. 33,600 pairs

Determine the total dollar amount of raw materials inventory in heels at December 31, 2009.
a. $46,000
b. $552,000
c. $736,000
d. $1,104,000

Answer 1

Laredo Boot Company is a boot manufacturing company. The cost per heel in the raw materials inventory on December 31, 2008, is $12. The number of additional heels purchased during 2009 is 92,000 heels.

Step-by-step explanation:

Laredo Boot Company is a boot manufacturing company according to the question.

Based on the information provided, we don't have the specific number of pairs of boots in finished goods inventory on December 31, 2008. So, we cannot determine the answer to that question.

The cost per heel in the raw materials inventory on December 31, 2008, is $12.

The number of additional heels purchased during 2009 is 92,000 heels.

The number of pairs of boots manufactured during 2009 is 25,200 pairs.

Unfortunately, the dollar amount of raw materials inventory in heels at December 31, 2009, cannot be determined based on the given information.