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During 2 0 2 5 , Concord Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Concord for a lump

During 2025, Concord Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Concord for a lump sum of $53,865 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.
\table[[,No. of Chairs,\table[[Estimated Selling],[Price Each]]],[Lounge chairs,280,$90
What is the amount of inventory of unsold straight chairs on December 31,2025
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