During 2025 , Kingbird Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Kingbird for a lump sum of $155,610 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 2025 , Kingbird sells 520 lounge chairs, 260 armchairs, and 312 straight chairs