On January 1, 2015, Wildhorse Company began a warranty program to stimulate sales. It is estimated that 5% of the units sold will be returned for repair at an estimated cost of $40 per unit. Sales and warranty figures for the three years ended December 31 are as follows:

		2015			2016			2017
Sales (units)		1,400			1,700			1,900
Sales price per unit		$200			$120			$125
Units returned for repair under warranty		75			90			105
Actual warranty costs		$2,800			$3,200			$3,770

Calculate the warranty expense for each year and warranty liability at the end of each year.

		Warranty Expense		Warranty Liability
2015		$		$
2016		$		$
2017		$		$

Record the warranty transactions for each year. Credit Repair Parts Inventory for the actual warranty costs. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
2015
	(To record honouring of actual warranty costs)
	(To accrue warranty costs)
2016
	(To record honouring of actual warranty costs)
	(To accrue warranty costs)
2017
	(To record honouring of actual warranty costs)
	(To accrue warranty costs)

To date, what percentage of the units sold have been returned for repair under warranty? What has been the average actual warranty cost per unit for the three-year period? (Round percentage of units returned answer to 1 decimal place, e.g. 52.7% and average warranty cost per unit to 0 decimal places, e.g. 5,276.)

Percentage of units returned for repair			%
Average actual warranty cost per unit		$