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Logan Manufacturing Co . warrants its products for one year. The estimated product warranty is 6 % of sales. Assume that sales were $ 5

Logan Manufacturing Co

.

warrants its products for one year. The estimated product warranty is

6 %

of sales. Assume that sales were $

500, 000

for January. In February, a customer received warranty repairs requiring $

140

of parts and $

65

of labor.

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