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X Your answer is incorrect. During 520, Marigold Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Marigold for a

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X Your answer is incorrect. During 520, Marigold Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Marigold for a lump sum of $155,610 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 No. of Chairs 1,040 $90 Type Lounge chairs Armchairs Straight chairs 780 80 1,820 50 During 2020, Marigold sells 520 lounge chairs, 260 armchairs, and 312 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, eg, 78.25 and final answer to O decimal places, eg. 5,845.) Gross profit realized during 2020 30888 Amount of inventory of unsold straight chairs 103194 e Textbook and Media

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