MAAUP E-learning - Moodle English (en) - ACCOUNTING PRINCIPLES II Section 4 Lecture (20202 Dashboard / My courses / ACCOUNTING PRINCIPLES II Section4 Lecture (20202_020111021 AAUP - JENIN) / 19 June - 25 Jur Time left 0 Question 1 Not yet answered Lulzbot.com sells 6,000 units of its product for $500 each. The selling price includes a one-year warranty on parts. It is expected that 3% of the units will be defective and that repair costs will average $50 per unit. In th year of sale, warranty contracts are honored on 120 units for a total cost of $6,000. What amount should Lulzbot.com accrue on December 31 for estimated warranty liability? Marked out of 1.00 P Flag question 0 a $6,000 O b. $3,000 O c. $9,000 O d. $45,000