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Wright Company sells merchandise with a one year warranty. This year, sales consisted of 2,000 units. It is estimated that warranty repairs will average $15
Wright Company sells merchandise with a one year warranty. This year, sales consisted of 2,000 units. It is estimated that warranty repairs will average $15 per unit sold, and 30% of the repairs will be made this year and 70% next year. In this years income statement, Wright should show warranty expense of?
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