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QUESTION
During September, Excom sold 121 radios for $48 each. Each radio cost Excom $23 to purchase, and carried a two-year warranty.
During September, Excom sold 121 radios for $48 each. Each radio cost Excom $23 to purchase, and carried a two-year warranty. If 5% typically need to be replaced over the warranty period and one is actually replaced during September, for what amount in September would Excom debit Product Warranty Expense?
