Application Problem 9-4A a-b (Part Level Submission) A manufacturing company sells its main product with a three-year warranty against defects. The company expects that 6% of the units sold will prove to be defective during the warranty period. Management expects warranty claims will be even over the three-year warranty period. The average cost to repair or replace a defective unit under the warranty is expected to be $58. The company's sales and warranty costs incurred in its first three years were as follows: 2018 2019 2020 Units Sold 9,500 12,100 Actual Costs of Repairs and Replacements under the Warranty Plan $5,300 $15,000 $37,300 18,600 (a) Calculate the amount that should have appeared in the estimated Warranty Provision account at the end of 2018. Estimated Warranty Provision account, Dec. 31, 2018 $ Attempts: 0 of 1 used