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What is the warranty Expense for Dec

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Reference no: EM133107620

Question - Tyremart Inc provides a two-year warranty on winter tyres it manufactures below are the excerpts for Dec 2020

Sales 50,000 units

Sales $200 per unit

Historical trend is estimated to be 3% defect rate on sales

Replacement cost is determined to be 120,000

Warranty obligation as of Nov 2020 was $130,000

Required - What is the warranty Expense for Dec 2020?

Reference no: EM133107620

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