Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 10 during 2017, bramble furniture company

Question 10 During 2017, Bramble Furniture Company purchases a carload of wicker chairs. The manufacturer...

50.1K

Verified Solution

Question

Accounting

image

Question 10 During 2017, Bramble Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Bramble for a lump sum of $55,700 because 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 estim price for each are listed below Estimated Price Each $90 80 50 Selling Type Lounge chairs Armchairs Straight chairs No. of Chairs 400 300 600 During 2017, Bramble sells 100 lounge chairs, 100 armchairs, and 130 straight chairs What is the amount of gross profit realized during 2017? What is the amount of inventory of unsold straight chairs on December 31, 2017? (Round cost per ch decimal places, e.g. 78.25 and final answer to 0 decimal places, e.g. 5,845.) Gross profit realized during 2017 Amount of inventory of unsold straight chairs

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The firm's target capital structure is the mix of debt, preferred stock, and common equity the...

Finance
Q

Q4. Name three areas in which you can increase the availability of a SCADA system by...

Programming
Q

For this problem, carry at least four digits after the decimal in your calculations. Answers may...

Basic Math
Q

Select a Company you are familiar with, then propose a product development process for one of...

General Management
Q

OOC OOC Q information presented in this lesson which answer best completes this diagram Paved...

Biology
Q

In an certain species of newt offspring are born either green or black Suppose that...

Geometry
Q

With the aid of graphs explain whether or not the inverses in question 2 are...

Algebra
Q

2 Select all equations that are equivalent to x 6x 16 Select all that apply...

Algebra
Q

Varias cuentas se enumeran a continuacin Obligatorio: enumere las cuentas anteriores que normalmente tendran...

Accounting
Q

c. Summarize two proposed taxation bills from either the Joint Committee on Taxation, House Ways...

Accounting
Q

Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game players are...

Accounting
Q

Current Attempt in Progress Headland Company began operations on January 2, 2025. It employs 9...

Accounting