Question: A company sells computers for $1,200 each. Each computer has a two-year warranty that covers replacement of defective parts. It is estimated that 3% of

A company sells computers for $1,200 each. Each computer has a two-year warranty that covers replacement of defective parts. It is estimated that 3% of all computers sold will be returned under the warranty with an average cost of $178 each. During November, the company sold 44,000 computers;. 540 computers were serviced under the warranty during November at a total cost of $69,000. The balance in the Estimated Warranty Liability account at November 1 was $36,000. What is the company's warranty expense for the month of November?

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