FINANCIAL ACCT-CONNECT
FINANCIAL ACCT-CONNECT
8th Edition
ISBN: 9781266627903
Author: Wild
Publisher: INTER MCG
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During July, Cypress Audio sold 400 wireless speakers for $180 each. Each speaker had cost Cypress $90 to manufacture and includes a one- year warranty. If 7% of the speakers typically need to be replaced over the warranty period, and twenty-two are actually replaced during July, for what amount in July should Cypress debit Product Warranty Expense?
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