Jansen Company sells a product for $400 per unit, which includes a 30-day warranty against product defectsExperience indicates that four percent of the units sold w prove defective, requiring an average repair cost of 50 per unitDuring the first month of business, product sales were $320,000, and 20 of the units sold were found to be defective and repaired during the monthWhat is the accrued liability for product warranties at month-end?
