If you prefer not to send an initial deposit, then when we have completed the LIFO Index Reports we will call you and fax a copy of our billing. Under this alternative, upon receipt of payment of the entire processing charge, our Reports will be sent to you by UPS or Federal Express. We have read and understood your year-end reminder memorandum. Legible copies of all invoices are enclosed. Invoices have been matched to detailed inventory schedule printout.
Invoices are in same order as listing in detailed inventory schedule printout.
Copy of detailed inventory schedule printout for all vehicles on LIFO is enclosed OR GL cost for each vehicle is written on each invoice. Adding machine tape total of all vehicles is enclosed and matches the total listed on line 6 above. Writedowns or other estimated market valuation adjustments have been reversed or eliminated from carrying values in general ledger, so that all vehicles are at cost. Invoices for all demonstrator vehicles have been submitted and they are included in the general ledger figures at cost. Vehicles in transit are included in the year-end inventory total and invoices are enclosed.