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.
What will be an ideal response?
| Units | Cost |
| Beginning inventory | 60 yards | $720 |
| Materials purchased | 850 yards | $10,200 |
| Less: Materials used | 800 yards | $9,600 |
| Ending inventory | 110 yards | $1,320 |
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How does a manager's emotional intelligence affect the use of participation?
What will be an ideal response?