In 2010, Payton Corporation began selling a new line of products that carry a two-year warranty against defects.Based upon past experience with other products, the estimated warranty costs related to dollar sales are as follows: What is the estimated warranty liability at the end of 2011?

Question

In 2010, Payton Corporation began selling a new line of products that carry a two-year warranty against defects.Based upon past experience with other products, the estimated warranty costs related to dollar sales are as follows:  What is the estimated warranty liability at the end of 2011?

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The Answer of In 2010, Payton Corporation began selling a new line of products that carry a two-year warranty against defects.Based upon past experience with other products, the estimated warranty costs related to dollar sales are as follows:  What is the estimated warranty liability at the end of 2011?

In 2010, Payton Corporation Began Selling a New Line of Products