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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 Whispering 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 $ 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 Straight chairs Armchairs Whispering Winds estimates that the costs to sell this inventory would be per chair During Whispering Winds sells lounge chairs, armchairs, and straight chairs, all at the same prices as estimated. At December the remaining chairs were put on salethe lounge chairs at off the regular pricethe armchairs at off, and the straight chairs at 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 using the relative sales value method Round percentages to decimal place and all other amounts to decimalplacesWhat is the net realizable value of the chairs remaining in inventory? Round answer to decimal places Net realizable value eTextbook and Media Attempts of used Save for Later What is the appropriate inventory value to be reported on the December statement of financial position assuming the lower of cost and NRV is applied on an individual item basis? Round answer to decimal places,eg
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