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Ashraf Company sells 6,000 units of its product for $500 each. The selling price includes...

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Ashraf Company sells 6,000 units of its product for $500 each. The selling price includes a one- year warranty on parts. It is expected that 3% of the units will be defective and that repair costs will average $50 per unit. In the year of sale, warranty contracts are honored on 120 units for a total cost of $6,000. What amount should Lulzbot.com accrue on December 31 for estimated warranty costs? f stion Select one: a. $3,000 b. The answer does not exist c. $45,000 d. $6,000 e. $9,000 Maggie Company expects to extract 20 million tons of coal from a mine that cost $12 million. If no salvage value is expected and 2 million tons are mined in the first year, the entry to record depletion will include a: Select one: a. debit to Accumulated Depletion of $2,000,000. b. debit to Inventory of $1,200,000. c. The answer does not exist @ d. credit to Depletion Expense of $1.200,000. e credit to Accumulated Depletion of $2,000,000. In reviewing the accounts receivable, the cash realizable value is $14,000 before the write-off of a $1,800 account. What is the cash realizable value after the write-off? ion Select one: a. $1,800 b. $14,000 c. The answer does not exist d. 512,200 0 e $15,800

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