Pyott co. sells small appliances and offers warranties on all new sales. during the month of december, pyott's sales were $30,000 and accrued related warranties totaled $300. during january, a customer made a repair claim under the warranty requiring $200 of labor. the journal entry related to the january repair would include a debit to the account in the amount of also estimated warranty liability.

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: