During Year 1, Ward Company introduced a new product carrying a two-year warranty against defects,...
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During Year Ward Company introduced a new product carrying a twoyear warranty against defects, which is included in the selling price of the product. The estimated warranty costs are of sales within the first months following the sale and in the second months following the sale. Sales and actual warranty expenditures for the years ended December of Year and Year follow. tableSales,tableActual WarrantyExpendituresYear $$
During Year Ward Company introduced a new product carrying a twoyear warranty against defects, which is included in the selling price of the product. The estimated warranty costs are of sales within the first months following the sale and in the second months following the sale. Sales and actual warranty expenditures for the years ended December of Year and Year follow.
tableSales,tableActual WarrantyExpendituresYear $$
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