During 2017, Buffalo Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Buffalo for a lump sum of $55,700 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. During 2017, Buffalo sells 150 lounge chairs, 120 armchairs, and 120 straight chairs. What is the amount of gross profit realized during 2017 . What is the amount of inventory of unsold straight chairs on December 31. 2017? (Round cost per chair to 2 decimal places, eg. 78.25 and final answer to 0 decimal places, eg. 5,845.) uring 2017, Buffalo sells 150 lounge chairs, 120 armchairs, and 120 straight chairs. That is the amount of gross profit realized during 2017? What is the amount of inventory of unsold straight chairs on December 31. 017? (Round cost per chair to 2 decimal places, es. 78.25 and final answer to 0 decimal places, eg. 5,845.) Gross proft realized during 2017 Amount of inventory of unsold straight chairs