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During 2025, Tamarisk Furniture Company purchases a carload of wicker chairs. The manufacturer sells the...

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Accounting

During 2025, Tamarisk Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Tamarisk for a lump sum of $125,685 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.

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