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Ford Motor provides warranty for its products for one year. The estimated cost to settle warranty claims is 2% of sales. Assume that sales

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Ford Motor provides warranty for its products for one year. The estimated cost to settle warranty claims is 2% of sales. Assume that sales totaled $2,000,000 for January. During January, warranty repairs cost the comapny a totaled of $25,000. How much warranty expense is recorded in the month of January? $25,000 $40,000 $65,000 Not enought information

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