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help me please thank you 18) Wall Company sold a product under a two-year warranty. The estimated cost of warranty repairs is 2% of net
help me please thank you
18) Wall Company sold a product under a two-year warranty. The estimated cost of warranty repairs is 2% of net sales. During the first two years in business, the entity made the following sales and incurred the following warranty repair costs: 2019 2020 Net sales 2,500,000 3,000,000 Total repairs costs incurred 45,000 50,000 What amount should be reported as warranty expense for 2020 Step by Step Solution
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