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During 2017, Concord sells 200 lounge chairs, 100 armchairs, and 130 straight chairs. The manufactures sells the chairs to concord for a lump sum of

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During 2017, Concord sells 200 lounge chairs, 100 armchairs, and 130 straight chairs. The manufactures sells the chairs to concord for a lump sum of $65, 700 because it is discounting 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, concord sells 200 lounge chairs, 100 armchairs, and 130 straight chairs. What is the amount of gross profit realized during 2017' What is the amount of inventory of unsold straight cha>rs on December 31, 2017? (Round cost per chair to 2 decimal places, e.g. 78.25 and final answer to 0 decimal places, e.g. 5, 845.)

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