Question: X Your answer is incorrect. Marigold Navigation began operations in 2020 and provides a one-year warranty on the products it sells. It estimates that 20100

X Your answer is incorrect. Marigold Navigation began operations in 2020 and provides a one-year warranty on the products it sells. It estimates that 20100 of the 397000 units sold in 2020 will be returned for repairs and that these repairs will cost $9 per unit. The cost of repairing 15200 units presented for service in 2020 was $127400. Marigold estimates that the remaining estimated units will be presented for repair in the following year. Marigold will report warranty liability of $44100 on December 31, 2020. warranty liability of $180900 on December 31, 2020. no warranty obligation on December 31, 2020, since this is only a contingent liability. warranty expense of $127400 for 2020.

Marigold Navigation began operations in 2020 and provides a one-year warranty on the products it sells. It estimates that 20100 of the 397000 units sold in 2020 will be returned for repairs and that these repairs will cost $9 per unit. The cost of repairing 15200 units presented for service in 2020 was $12740. Marigold estimates that the remaining estimated units will be presented for repair in the following year. Marigold will report warranty liability of $44100 on December 31, 2020. warranty liability of $180900 on December 31,2020. no warranty obligation on December 31,2020 , since this is only a contingent liability. warranty expense of $127400 for 2020

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