Question: Apple reports in notes to its financial statements that in

Apple reports in notes to its financial statements that, in addition to its products sold, it includes the following costs (among others) in cost of sales: customer shipping and handling expenses and warranty expenses.
Required
1. Why do you believe Apple includes these costs in its cost of sales?
2. What effect does this cost accounting policy for its cost of sales have on Apple’s financial statements and any analysis of those statements? Explain.

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  • CreatedApril 23, 2015
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