Apple Computer, Inc. , produces the well-known iMacs, iPhones, and iPads. Consider the following account balances ($

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Apple Computer, Inc. , produces the well-known iMacs, iPhones, and iPads. Consider the following account balances ($ in millions):

The cost of the inventories purchased (or produced) during the 12 months between September 25, 2010, and September 24, 2011, was $64,156,000,000. The income statement for the 2011 fiscal year had an item €œcost of sales.€ Compute itsamount.

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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Question Posted: Feb 20, 2015 09:45 AM

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Apple Computer, Inc. , produces the well-known iMacs, iPhones, and iPads. Consider the following account balances ($

Question:

September 24, 2011 $776 September 25, 2010 $1,051 Inventories

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Beginning inventory 1051 Purch...View the full answer

Introduction to Financial Accounting

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