Apple Computer, Inc. produces the well-known Macintosh

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January 2nd, 2018

Apple Computer, Inc. produces the well-known Macintosh computer. Consider the following account balances ($ in millions):July 1, 2000September 25, 1999Inventories$5$20The purchases of inventories during the 9 months between September 25, 1999 and July 1, 2000 were $1,282,000,000. The income statement for that 9-month period had an item “cost of sales”. Compute its amount.

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