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A company offers goods for sale within a 1 -year warranty, where goods sold that are foundto be faulty within 1 year after purchase may
A company offers goods for sale within a 1 -year warranty, where goods sold that are foundto be faulty within 1 year after purchase may be returned for a full refund. Not all goods will be faulty and not all customers will bother to return faulty goods. The company's experience suggests that the following are the possible outcomes and the probability thereof: Required: 3.1 Calculate the expected cost of the provision and journalize it. A narration is required
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