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Brookes Bike Company sold $3,780 worth of mountain bikes in June. Warranty expense is estimated to be 2% of sales. During June, Brookes Bikes replaced
Brookes Bike Company sold $3,780 worth of mountain bikes in June. Warranty expense is estimated to be 2% of sales. During June, Brookes Bikes replaced two faulty parts under warranty. The parts cost a total of $100. The warranty expense for June was ________.
$175.60
$75.60
$100
$65.60
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