sales made in fiscal 2023 for $50,000,000 include a 5 year warranty coverage. The estimated cost for warranty is expected to be 0.2% each year for the first 4 years and 0.5% for the last year. During 2023, the firm incurred $100,000 to service goods sold in 2022 and $500,000 to service goods sold in 2023. The 2023 beginning balance of the warranty liability is $250,000. How much warranty expense will be recorded in fiscal 2023? A. $500,000 B. $100,000 C. $600,000 D. $650,000

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