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A company sells computers for $1,000 each. Each computer has a two-year warranty that covers replacement of defective parts. It is estimated that 2% of

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A company sells computers for $1,000 each. Each computer has a two-year warranty that covers replacement of defective parts. It is estimated that 2% of all computers sold will be returned under the warranty with an average cost of $174 each. During November, the company sold 42,000 computers; 520 computers were serviced under the warranty during November at a total cost of $67,000. The balance in the Estimated Warranty Liability account at November 1 was $35,000. What is the company's warranty expense for the month of November? Multiple Choice $73,080 $90,480 $32,000 $146,160

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