inalyzing and Computing Accrued Warranty Liability and Expense his product had a beginning-of-period balance of $30,000, and $27,000 has already been spent on warranty repairs and replacements during the period. iequired How much warranty expense must Waymire report in its income statement and what amount of warranty liability must it report on its balance sheet for this year? otal expected warranty costs for current period sales: nding warranty liability