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During 2025, Novak Fumiture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Novak for a lump sum of $179,550 because

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During 2025, Novak Fumiture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Novak for a lump sum of $179,550 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, Novak sells 600 lounge chairs, 300 armchairs, and 360 straight chairs: (a) What is the amount of gross profit reallzed during 2025 ? (Round cont per chil to 2 decimal glaces, es. 78.25 and finar anwer fo 0 decimal ploces es. 5,845 ) Gross profit realized durine 2025 5

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