Question - A company sells computers at a selling price of $1,450 each. Each computer has a 2 year warranty that covers replacement of defective parts. It is estimated that 3% of all computers sold will be returned under the warranty at an average cost of $143 each. During November, the company sold 23,000 computers, and 330 computers were serviced under the warranty at a total cost of $46,000. The balance in the Estimated Warranty Liability account at November 1 was $25,500. What is the company's warranty expense for the month of November?
$98,670
$20,500
$46,000
$49,335
$47,190