### What amount should Lulzbot accrue on December

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Question - Lulzbot 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 accrue on December 31 for estimated warranty costs?

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