PRINTER VERSION BACK NEXT cercise 9-10 Your answer is partially correct. Try again. During 2020, Concord Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Concord for a lump sum of $119,700 because it is discontinuing manufacturing operations and wishes to dispose of its entire stock. Three types of chairs are induded in the carload. The three types and the estimated selling price for each are listed below. Estimated Selling Price Each $90 Type Lounge chairs Armchairs Straight chairs No. of Chairs 720 540 1,260 50 During 2020, Concord sells 400 lounge chairs, 200 armchairs, and 240 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? (Round cost per chair to 2 decimal places, e.g. 78.25 and final answer to O decimal places, e.g. 5,845.) Gross profit realized during 2020 19,200 Amount of inventory of unsold straight chairs 74,900 Click if you would like to Show Work for this question: Open Show Work LINK TO VIDEO Question Attempts: 1 of 3 used SAVE FOR LATER SUBMET