Business
Business, 07.05.2020 14:01, samy14

Mariano Corporation sells 11,000 units of inventory during the first year of operations for $500 each. Mariano provides a oneminusyear warranty on parts. It is estimated that 4% of the units will be defective and that repair costs are estimated to be $50 per unit. In the year of sale, warranty contracts are honored on 100 units for a total cost of $5,000. What amount will be reported as Estimated Warranty Liability at the end of the year?

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Mariano Corporation sells 11,000 units of inventory during the first year of operations for $500 eac...

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