During $2023,$ Sarasota Furniture Limited purchased a railway carload of wicker chairs. The manufacturer of the chairs sold them to Sarasota for a lump sum of $$58\mathrm{.}800,$ because it was discontinuing manufacturing operations and wanted 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 as follows:

Type

Lounge chairs

Straight chairs

Armchairs

No$.$ of Chairs

Estimated Selling

Price per Chair

$460$

$$95$

$640$

$55$

$350$

$85$

Sarasota estimates that the costs to sell this inventory would be $$5$ per chair. During $2023,$ Sarasota sells $410$ lounge chairs, $250$ armchairs, and $150$ straight chairs, all at the same prices as estimated. At December $31,2023,$ the remaining chairs were put on sale: the lounge chairs at $25\%$ off the regular price, the armchairs at $30\%$ off, and the straight chairs at $40\%$ off. All were expected to be sold at these prices.View Policies

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During $2023,$ Sarasota Furniture Limited purchased a railway carload of wicker chairs. The manufacturer of the chairs sold them to

Sarasota for a lump sum of $$58,800,$ because it was discontinuing manufacturing operations and wanted 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 as follows:

Sarasota estimates that the costs to sell this inventory would be $$5$ per chair. During $2023,$ Sarasota sells $410$ lounge chairs, $250$

armchairs, and $150$ straight chairs, all at the same prices as estimated. At December $31,2023,$ the remaining chairs were put on sale:

the lounge chairs at $25\%$ off the regular price, the armchairs at $30\%$ off, and the straight chairs at $40\%$ off. All were expected to be sold

at these prices.

$($a$)$

Your answer is incorrect.

What is the total cost of the chairs remaining in inventory at the end of $2023,$ using the relative sales value method? $($Round

percentages to $1$ decimal place, e$.$g$.52\mathrm{.}7\%$ and all other amounts to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$