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I just wanna know how to do the cost of goods sold 18. (1...

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Accounting

imageimageI just wanna know how to do the cost of goods sold

18. (1 points) Indigo Company sold 10,000 Super-Spreaders on during 2017, at a total price of $885,200, with a warranty guarantee that the product was free of any defects. The cost of the spreaders sold is $350,500. The assurance warranties extend for a 3-year period and are estimated to cost $65,100. During 2017, warranty related costs amounted to $15,600. Indigo also sold extended warranties (service-type warranties) related to 3,000 spreaders for 2 years beyond the 2- year period for $25,200. Given this information, determine the amounts to report for the following at December 31, 2017: sales revenue, cost of goods sold, warranty expense, unearned warranty revenue, warranty liability, and cash. Amounts Reported in Income Sales revenue -- Warranty Expense Cost of Goods Sold -- Amounts Reported on the Balance Sheet Unearned Service Revenue -- Cash Warranty Liability

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