During 2023, Ayayai Furniture Limited purchased a railway carload of wicker chairs. The manufacturer of the chairs sold them to Ayayai for a lump sum of $58,000, because it was discontinuing manufacturing operations and wanted 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 as follows: Type Lounge chairs Straight chairs Armchairs (a) No. of Chairs 450 Total costs 610 350 Your answer is incorrect. $ Estimated Selling Price per Chair Ayayai estimates that the costs to sell this inventory would be $3 per chair. During 2023, Ayayai sells 400 lounge chairs, 270 armchairs, and 170 straight chairs, all at the same prices as estimated. At December 31, 2023, the remaining chairs were put on sale: the lounge chairs at 25% off the regular price, the armchairs at 30% off, and the straight chairs at 40% off. All were expected to be sold at these prices. $93 53 83 What is the total cost of the chairs remaining in inventory at the end of 2023, using the relative sales value method? (Round percentages to 1 decimal place, e.g. 52.7% and all other amounts to 2 decimal places, e.g. 52.75.)

During 2023, Ayayai furniture Limited purchased a railway carload of wicker chairs. The manufacturer of the chairs sold them to Ayavai for a lump sum of $58,000, because it was discontinuing manufacturing operations and wanted 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 as follows: Ayayai estimates that the costs to sell this inventory would be $3 per chaic, During 2023, Ayayaiselis 400 lounge chairs, 270 armchairs, and 170 straight chairs, all at the same prices as estimated. At December 31, 2023, the remaining chairs were put on sale: the louinge chairs at 255 off the regular price, the armchairs if 30 \% oft, and the straight chairs at 40% oft. All were expected to be sold at these prices. (a) 6. Your inswer is incorrect. What is the total cost of the chairs remaining in inventory at the end of 2023 , using the relative sales value method? (Round percentages to 1 decimal place, es. 52.75 and all other amounts to 2 decinai places, e. 52.75J Totalcosts During 2023. Ayayai Furniture Limited purchased a railway carload of wicker chairs, The manufacturer of the chairs sold them to Ayayai for a lump sum of $58,000, because it was discontinuing manufacturing operations and wanted 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 as follows: Ayayaiestimates that the costs to sell this irventory would be $3 per chair. During 2023, Ayayai sells 400 lounge chairs, 270 armchairs, and 170 straintt chairs, all at the same prices as estimated. At December 31,2023, the remaining chairs were put on sale! the founge chalrs at 25% off the rogutar price, the armetalt at 300 off, and the straight chairs at AOM oft. All wrte erpected to be sold at these prices. (a) e. Youranswer is incorroct What is the total cost of the chairs remaining in inventory at the end of 2023 , using the relative sales value method? fRound percentages to 1 decimai place, es 527% and all other anounts to 2 decimal ploces, e. 5275) Fotalcosts