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During 2025, Bonita Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Bonita for a lump sum of $83,790
During 2025, Bonita Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Bonita for a lump sum of $83,790 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 Lounge chairs No. of Chairs Estimated Selling Price Each 560 $90 Armchairs 420 Straight chairs 980 88 80 50 During 2025, Bonita sells 280 lounge chairs, 140 armchairs, and 168 straight chairs. (a) x Your answer is incorrect. What is the amount of gross profit realized during 2025? (Round cost per chair to 2 decimal places, e.g. 78.25 and final answer to 0 decimal places, e.g. 5,845.) Gross profit realized during 2025 $ 19,663
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