E$8\mathrm{.}10($LO $3)($Relative Sales Value Method$)$ During $2025,$ Pretenders Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Pretenders for a lump sum of $$59,850$ 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.

$\backslash$table$[[$Type$,$No$.$ of Chairs,Estimated Selling Price Each$],[$Lounge chairs,$400,$$$90$