Warranty Costs Milford Company sells a motor that carries a three-month unconditional warranty against product failure. Based on a reliable statistical analysis, Milford knows that between the sale and the end of the product warranty period, three percent of the units sold will require repair at an average cost of $60 per unit. The following data reflect Milford's recent experiences October November December Dec. 31 Total Units vold Known productores from ales in Support Calculate, and prepare a journal entry to record, the estimated liability for product warranti records at December 31. Assume that of known failures have already been reflected in the General Journal de formated Mutue Wanty espere Please answer all parts of the question. Previous Save Answers Next > its sold 23,000 22.000 120 180 own product failures from sales in: October November December 130 alculate, and prepare a journal entry to record, the e cords. Date Dec.3 v General Journal Description Product Warranty Expense Estimated Liability for Product Warranty vvv vv . Please answer all parts of the