Established a warranty liability

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Dec. 10 established a warranty liability for the XY-80, a new product. Sales are expected to total 1,000 units during a month. Past experience with similar products indicates that 3% of the units will require repair, with warranty costs averaging $27 per unit (parts only)

Reference no: EM13792553

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Established a warranty liability : Dec. 10 established a warranty liability for the XY-80, a new product. Sales are expected to total 1,000 units during a month. Past experience with similar products indicates that 3% of the units will require repair, with warranty costs averaging $27..

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