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Business, 21.11.2019 23:31 sony72

Mariano corporation sells 10,000 units of inventory during the first year of operations for $ 700 each. mariano provides a one-year warranty on parts. it is estimated that 4% of the units will be defective and that repair costs are estimated to be $ 70 per unit. in the year of sale, warranty contracts are honored on 80 units for a total cost of $ 5,600. what amount will be reported as estimated warranty liability at the end of the year?

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Mariano corporation sells 10,000 units of inventory during the first year of operations for $ 700 ea...
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