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What is the warranty expense for the year

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Reference no: EM133117723

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

Required - What is the warranty Expense for the year?

Reference no: EM133117723

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