Warranty Costs wiford Company ha motort comes the month unconditional warranty against product failure. Based on a reliable statistical analysis, Miford knows that prodat wants typened to percent of the units sold will require repair at an average cost of 50 per unit. The following data reflect Milford's recent experience: Oro November December Det. Total 2000 0.000 100 H000 560 160 160 10 370 Calculate and prepare a journal entry to record the estimated by for product warranties at December 31. Assume that warranty costs of known failures have already been reflected in the records. Det Credi Best Dette Tree Marthe goesbon Warranty Costs wiford Company ha motort comes the month unconditional warranty against product failure. Based on a reliable statistical analysis, Miford knows that prodat wants typened to percent of the units sold will require repair at an average cost of 50 per unit. The following data reflect Milford's recent experience: Oro November December Det. Total 2000 0.000 100 H000 560 160 160 10 370 Calculate and prepare a journal entry to record the estimated by for product warranties at December 31. Assume that warranty costs of known failures have already been reflected in the records. Det Credi Best Dette Tree Marthe goesbon