Reconstruction of Transaction Apple Computer, Inc. produces the well-known Macintosh computer. Consider the following account balances (S

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Reconstruction of Transaction Apple Computer, Inc. produces the well-known Macintosh computer. Consider the following account balances (S in millions): Inventories September 27, 2003 $56 September 28, 2002 $45 The cost of the inventories purchased (or produced) during the 12 months between September 28, 2002 and September 27, 2003 was $4,510,000,000. The income statement for the 2003 fiscal year had an item "cost of sales." Compute its amount.

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Introduction To Financial Accounting

ISBN: 0131479725

9th Edition

Authors: Charles T Horngren, John A Elliott

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