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During 2025, Wildhorse Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Wildhorse for a lump sum of $137,655
During 2025, Wildhorse Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Wildhorse for a lump sum of $137,655 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. Estimated Selling Type Lounge chairs No. of Chairs Price Each 920 $90 Armchairs 690 80 Straight chairs 1,610 50 During 2025, Wildhorse sells 460 lounge chairs, 230 armchairs, and 276 straight chairs. (a) What is the amount of gross profit realized during 2025? (Round cost per chair to 2 decimal places, eg. 78.25 and final answer to 0 decimal places, eg. 5,845.) Gross profit realized during 2025 $
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