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What is the warranty expense for the year

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Question - Carryover provide 3 year warranty on items it manufactures. Its accounting year is December.

The cost of meeting its warranty obligation for the year were

Parts 70,000

Labour 63,000

The sales during the year were 1,500,000. It estimates 4.5% of defects on sale. At the Beginning of the year warranty obligation was 90,000. What is the warranty Expense for the year?

Reference no: EM133114434

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