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ABC manufactures and sells products. On average, warranty costs are 1 % of total sales. During 2 0 2 2 , the company's first year

ABC manufactures and sells products. On average, warranty costs are 1% of total sales. During 2022, the company's first year of operations, total sales were $600,000 and actual warranty costs were $7,500. What is the total warranty expense that ABC should recognize for 2022?

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