Question 6 During 2020, Bridgeport Furniture Limited purchased a railway carload of wicker chairs. The manufacturer of the chairs sold them to Bridgeport for a lump sum of $59,000, because it was discontinuing manufacturing operations and wanted 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 as follows: Type Lounge chairs Straight chairs Armchairs No. of Chairs 500 680 380 Estimated Selling Price per Chair $95 55 80 Bridgeport estimates that the costs to sell this inventory would be $5 per chair. During 2020, Bridgeport sells 440 lounge chairs, 290 armchairs, and 190 straight chairs, all at the same prices as estimated. At December 31, 2020, the remaining chairs were put on sale: the lounge chairs at 25% off the regular price, the armchairs at 30% off, and the straight chairs at 40% off. All were expected to be sold at these prices. What is the total cost of the chairs remaining in inventory at the end of 2020, using the relative sales value method? (Round percentages to 1 decimal place, e.g. 52.7% and all other amounts to 2 decimal places, e.g. 52.75.) Total costs S Attempts: 0 of 1 used SUBMIT