Question: + Ch 9 Homework Question 3 of 7 -/15 E View Policies Current Attempt in Progress During 2020. Sage Furniture Company purchases a carload of
+ Ch 9 Homework Question 3 of 7 -/15 E View Policies Current Attempt in Progress During 2020. Sage Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chales to Sage for a lump sum of $173,565 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 No. of Chairs Price Each Lounge chairs 1.160 $90 Armchairs 80 Straight chairs 2030 50 870 During 2020, Sage sells 580 lounge chairs, 290 armchairs, and 348 straight chairs What is the amount of gross proht realized during 2020? What is the amount of inventory of unsold straight chairs on December 31 20207 Round cost per chair to 2 decimal places, eg: 78.25 and final answer to decimal places, s. 5,845) Gross profit realized during 2020 $ Amount of inventory of unsold straight chairs $
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