Question

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0/1 Question 5 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. During 2020, Kingbird Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Kingbird for a lump sum of $137,655 because it is discontinuing manufacturing operations and wishes to dispose of its entire stock. Three types of chairs are included in the carload. The three types and the estimated selling price for each are listed below. Estimated Selling Price Each I Type No. of Chairs Lounge chairs 920 & Armchairs 690 Straight chairs 1. 610 010 During 2020, Kingbird sells 460 lounge chairs, 230 armchairs, and 276 straight chairs. What is the amount of gross profit realized during 2020? What is the amount of inventory of unsold straight chairs on December 31, 2020? (Round cost per chair to 2 decimal places, e.g. 78.25 and final answer to decimal places, eg. 5,845.) Gross profit realized during 2020 91287 Amount of inventory of unsold straight chairs $ 91287 MacBook Pro

Answer 1

A nit Lo rt allatel t hiys ad pu hi's Total Co cafalal'om ast Pelat sale Prie asa Sales pe No d chain مونص chair ce ef uit 56.7 52164 1376 55 o- 2789473 82800 120 ouge 136 O 25263158 690 4 55200 Am 4 31-5 4 So 5015 413265 80s00 137655 218s0 pi Calulatom sales Cot Cost pre chein chairs 1400 46010) EI5318 F2608 2 456.7 onuge 460 59 $50.4 2 30 asm 4 315 t694 $5106 216 Srajt 13600 46368 F21232 ertsy ameut unsetd staight chals 610-276) 31Spa is 4202