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Swifty manufactures high-end whole home electronic systems. The company provides a one-year warranty for all products sold. The company estimates that the warranty cost is
Swifty manufactures high-end whole home electronic systems. The company provides a one-year warranty for all products sold. The company estimates that the warranty cost is $310 per unit sold and reported a liability for estimated warranty costs $10.7 million at the beginning of this year. If during the current year, the company sold 60200 units for a total of $327 million and paid warranty claims of $11910000 on current and prior year sales, what amount of liability would the company report on its balance sheet at the end of the current year? $ 4785333. O $ 6752000. O $ 18662000. O $ 17452000
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