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Pilgrim Company sells merchandise with a one-year warranty. In 2018, a total of 1,750 units were sold. During 2018, actual warranty repairs of $21,230 were
Pilgrim Company sells merchandise with a one-year warranty. In 2018, a total of 1,750 units were sold. During 2018, actual warranty repairs of $21,230 were made. It is estimated that warranty repairs will average $13 per unit sold. In the 2018 income statement, Pilgrim should show warranty expense of: $1,520 $0 $21,230 $22,750
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