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During 2 0 2 3 Whispering Winds Furniture Limited purchased a railway car load of wicker chairsThe manufacturer of the chairs sold them to Whispering

During 2023Whispering Winds Furniture Limited purchased a railway car load of wicker chairsThe manufacturer of the chairs sold them to Whispering Winds for a lump sum of $58,100, because it was discontinuing manufacturing operations and wanted to dispose of its entire stockThree types of chairs are included in the carloadThe three types and the estimated selling price for each are as follows Estimated Selling Price per Chair of Chairs Lounge chairs 450596 Straight chairs 61056 Armchairs 350 Whispering Winds estimates that the costs to sell this inventory would be 4 per chair During 2023, Whispering Winds sells lounge chairs, 270 armchairs, and 150 straight chairs, all at the same prices as estimated. At December 31,2023, the remaining chairs were put on salethe lounge chairs at 25% off the regular pricethe armchairs at 30% off, and the straight chairs at 40% All were expected to be sold at these prices ( a) Your answer is incorrect What the total cost of the chairs remaining in inventory at the end of 2023, using the relative sales value method ?(Round percentages to decimal place 52.7% and all other amounts to 2 decimalplaces,52.75)What is the net realizable value of the chairs remaining in inventory? (Round answer to 2 decimal places52.75) Net realizable value eTextbook and Media Attempts of 3 used Save for Later What is the appropriate inventory value to be reported on the December 312023 statement of financial position assuming the lower of cost and NRV is applied on an individual item basis? (Round answer to 2 decimal places,eg52.75

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