During 2020, Flint Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Flint for a lump sum of $77,805 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. Type No. of Chairs Estimated Selling Price Each 520 $90 Lounge chairs Armchairs Straight chairs 390 BO 910 50 During 2020. Flint sells 260 lounge chairs, 130 armchairs, and 156 straight chairs, What is the amount of gross profit realized during 2020? What is the amount of inventory of unsold straight chairs on December 31, 2020? (Do not round relative sales price. Round cost per chair to 2 decimal places, es 78.25 and final answer to decimal places, es: 5,845) Gross profit realized during 2020 $ Amount of inventory of unsold straight chairs eTextbook and Media Attempts:0 of 3 used Submit Answer Save for Later