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Question 2 of 12 - / 1 View Policies Current Attempt in Progress Nash Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. Cost per Unit Cost to Replace Estimated Selling Price Cost of Completion and Disposal Quantity Normal Profit 1320 1,300 $ 3.26 $ 3.06 $ 4.59 $ 0.36 $ 1.28 1333 1,000 2.75 2.35 3.57 0.51 0.51 1426 900 4.59 3.77 5.10 0.41 1.02 1437 1.100 3.67 3.16 3.26 0.26 0.92 1510 800 2.30 2.04 3.32 0.82 0.61 1522 600 3.06 2.75 3.88 0.41 0.51 1573 3.100 1.84 1.63 2.55 0.77 0.51 1626 1,100 4.79 5.30 6.12 0.51 1.02 From the information above, determine the amount of Nash Company inventory. The amount of Nash Company's inventory $ e Textbook and Media Save for Later Attempts: 0 of 2 used Submit Answer Using multiple attempts will impact your score. 70% score reduction after attempt 1 Question 6 of 12 - / 1 III View Policies Current Attempt in Progress During 2020, Vaughn Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Vaughn for a lump sum of $ 113,715 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 Price Each Type No. of Chairs Lounge chairs 720 $ 90 Armchairs 540 80 Straight chairs 1,260 50 During 2020, Vaughn sells 380 lounge chairs, 190 armchairs, and 228 straight chairs. What is the amount of gross profit realized during 2020? What is the amount of inventory of unsold straight chairs on December 31, 2020? (Do not round relative sales price. Round cost per chair to 2 decimal places, e.g. 78.25 and final answer to decimal places, e.g. 5,845.) Gross profit realized during 2020 $ Amount of inventory of unsold straight chairs $ e Textbook and Media Save for Later Attempts: 0 of 2 used Submit Answer Using multiple attempts will impact your score. 70% score reduction after attempt 1