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PLEASE AMSWER THIS FASTTTTSEDCO is a big retailer of TV's. It provides customers with a...

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Accounting

PLEASE AMSWER THIS FASTTTTSEDCO is a big retailer of TV's. It provides customers with a one year warranty on its products.

Information about their sales in the last two months of 2020 is as follows:

November December

Units sold 1800 unit 1600 unit

Selling Price per unit $ 500 $ 500

Estimated defective units (% of units sold) 5% 5%

Actual units repaired 30 30

If the average repair cost for each unit under warranty is $ 70. How much is the balance in theEstimated Warranty Liability account on 31 December 2020?

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