Question: Apple Computer Inc produces the well known iMacs iPhones and

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 “cost of sales.” Compute itsamount.
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  • CreatedFebruary 20, 2015
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