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The packing sheets that accompanied each shipment of parts
to Mountain State Ford reflected the same information which
appeared on the shipping tape and which Mountain State Ford
entered into its perpetual inventory recordkeeping system.
Mountain State Ford used the packing sheets to verify that it
received the quantity of units of each type of part that was
shown as shipped on such sheets and on the shipping tape. Upon
delivery at Mountain State Ford's place of business of parts
shipped to it, an employee in its parts department compared the
packing sheets with the quantity of units of each type of part
that had been delivered. If after making that comparison the
employee determined that the packing sheets were inaccurate, an
employee adjusted Mountain State Ford's perpetual inventory
recordkeeping system to reflect the quantity of units of each
type of part that had in fact been delivered to it.
At the end of each business day, Mountain State Ford trans-
mitted to its computer vendor a record of the transactions that
were effected on that day. The computer vendor computed a value
for the quantity of units of each type of part (1) delivered to,
(2) returned to, and/or (3) sold by Mountain State Ford on each
business day by using the price which the manufacturer of each
such type was charging on that day and which was reflected on the
computerized price update tape that each such manufacturer had
provided to that vendor and in the updated price catalog that
each such manufacturer had distributed to Mountain State Ford and
other heavy truck dealers.
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Last modified: May 25, 2011