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  • Warranty

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    John Bern Peñeda
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    This document outlines a company's estimated warranty liability over time. It shows the beginning estimated warranty, purchases and distributions that affect the warranty balance, actual warranty costs incurred, and the ending estimated warranty balance. The table also compares FOB shipping point and FOB destination terms, showing which party pays for shipping and owns the goods at the point of transfer under each arrangement.

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    This document outlines a company's estimated warranty liability over time. It shows the beginning estimated warranty, purchases and distributions that affect the warranty balance, actual warranty costs incurred, and the ending estimated warranty balance. The table also compares FOB shipping point and FOB destination terms, showing which party pays for shipping and owns the goods at the point of transfer under each arrangement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    3 views1 page

    Warranty

    Uploaded by

    John Bern Peñeda
    This document outlines a company's estimated warranty liability over time. It shows the beginning estimated warranty, purchases and distributions that affect the warranty balance, actual warranty costs incurred, and the ending estimated warranty balance. The table also compares FOB shipping point and FOB destination terms, showing which party pays for shipping and owns the goods at the point of transfer under each arrangement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    WARRANTY LIABILITY

    Estimated Warranty, beg. Beginning Inventory xxx


    xxx
    Premium Purchase
    Warranty Expense xxx
    xxx
    Premium Distributed (xxx)
    Actual warranty cost incurred (xxx)
    Premium Inventory, end
    Estimated Warranty, end xxx
    xxx

    FOB SHIPPING FOB DESTINATION


    POINT
    Point of Transfer :
    Point of Transfer :  INVENTORY
     INVENTORY ARRIVES AT
    LEAVES SELLER BUYER

     BUYER PAYS  SELLER PAYS


    SHIPPING SHIPPING

     BUYER OWNS  SELLER OWNS

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