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On November 10, 2023, Singh Electronics began to buy and reselt scanners for 544 each. Singh uses the petpefual shitem to acenurt for ifvertotles. The

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On November 10, 2023, Singh Electronics began to buy and reselt scanners for 544 each. Singh uses the petpefual shitem to acenurt for ifvertotles. The scanners are covered under a wartanty that requires the compary to replace any non working scarner within 90 . days. When a scanner is returned, the company simply throws it away and maits a new one from inventory to the cuitomer. The company's cost for a new scanner is only $2.4. Singh estimates warranty costs based on 15 of the number of units sold the folicwilng transactlons occurred in 2023 and 2024 (ignore GST and PST): Required: 1. How much warranty expense should be reported for November and December 2023 ? 2. How much warranty expense should be reported for January 2024 ? (Round your intermediate calculations and final answer to the

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