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Question
Excom sells radios, and each unit carries a two-year replacement warranty. The cost to repair defects under the warranty is estimated at 5% of the sales price. During September, Excom sells 100 radios for $50 each. One radio is actually replaced during September. For what amount in September would Excom debit Product Warranty Expense?
a. $50
b. $250
c. $30
d. $120
Answer
This answer is hidden. It contains 1 characters.
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