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A company sold 1 2 2 bikes at $ 1 8 0 each. The bikes carry a 3 - year warranty for defects. The company
A company sold bikes at $ each. The bikes carry a year warranty for defects. The company estimates that repair costs will average of the total selling price. The estimated warranty liability at the beginning of the year was $ and $ in claims were actually incurred during the year to honor the warranty. What was the ending balance in the estimated warranty liability account?
Select one:
a $
b $
c $
d $
e $
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