During 2013, gardner home center sold 800 power washers for $350 each. the power washers carry a 2-year warranty for repairs. estimates indicate that repair costs will average 2% of sales. how much warranty expense should be accrued as a result of the 2013 sales of this product?
a. $2,800
b. no liability should be recorded until units are brought in for repairs.
c. $5,600
d. $8,400
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