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During 2020, Monty Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Monty for a lump sum of $113,715 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 Type No. of Chairs Lounge chairs 720 $90 Armchairs 540 80 Straight chairs 1,260 50 During 2020, Monty sells 380 lounge chairs, 190 armchairs, and 228 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? (Do not round relative sales price. Round cost per chair to 2 decimal places, e.g. 78.25 and final answer to 0 decimal places, e.g. 5,845.) Gross profit realized during 2020 $ Amount of inventory of unsold straight chairs $ Whispering Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Item No. Cost to Replace Estimated Selling Price Cost of Completion and Disposal Normal Profit Quantity Unit 1320 1,800 $3.55 $3.33 $5.00 $0.39 $1.39 1333 1,500 3.00 2.55 3.89 0.56 0.56 1426 1,400 5.00 4.11 5.55 0.44 1.11 1437 1,600 4.00 3.44 3.55 0.28 1.00 1510 1,300 2.50 2.22 3.61 0.89 0.67 1522 1.100 3.33 3.00 4.22 0.44 0.56 1573 3.600 2.00 1.78 2.78 0.83 0.56 1626 1,600 5.22 5.77 6.66 0.56 1.11 From the information above, determine the amount of Whispering Company inventory. The amount of Whispering Company's inventory $