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During 2025: Novak furniture Compeny purchases a carload of wicker chairs. The manulacturer selis the...

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Accounting

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During 2025: Novak furniture Compeny purchases a carload of wicker chairs. The manulacturer selis the chairs to Novak for a lump rutn of $179.550 because it is divcontiniling mamufacturing operations and wishes to dispose of its entire stock. Three types of chairs are included in the carloas. The three fypes and the estimated selling price for each are listed below. During 2025, Novak selk 600 lounge chairs, 300 armchairs, and 360 straight chairs. (a) What is the amount of gross profit realized during 2025 ? (Round cout per chair to 2 decimal ploces, es. 78.25 and final answer to 0 decimal places, es. 5.845.j Gross realized during 20255 What is the amount of inventory of unsold straight chairs on December 31, 2025 ? (Round cost per chair to 2 decimal places, eg. 78.25 and final answer to 0 decimal ploces, e. 3. 5.845.) Amount of inventory of unsold straight chairs $

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