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urgent help Current Attempt in Progress During 2020, Marigold Coro introduced a new product carrying a two-year warranty against defects. The estimated warranty costs related
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Current Attempt in Progress During 2020, Marigold Coro introduced a new product carrying a two-year warranty against defects. The estimated warranty costs related to dollar sales are 3% within 12 months following safe and in the second 12 months following sale Sales and actual Warranty expenditures for the years ended December 31, 2020 and 2021 are as follows Sales Actual Warranty Expenditures $11400 5 790000 2020 2021 1002000 34000 51792000 $445400 At December 31: 2021. assuming the accrual method Marigold should report an estimated warranty liability of 0 $ $80040 536140 $34000 Step by Step Solution
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