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Can someone help me with the gross profit realized during 2020? Thank you in advance!! During 2020, Culver Furniture Company purchases a carload of wicker

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Can someone help me with the gross profit realized during 2020? Thank you in advance!!

During 2020, Culver Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Culver for a lump sum of $107,730 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. Type Estimated Selling Price Each No. of Chairs Lounge chairs 720 $90 Armchairs 540 80 Straight chairs 1,260 50 During 2020, Culver sells 360 lounge chairs, 180 armchairs, and 216 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, eg. 78.25 and final answer to O decimal places, e.g. 5,845.) Gross profit realized during 2020 A 21288 Amount of inventory of unsold straight chairs $ 32886

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