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On Octaber 5 , Pronghorn Corporation buys marchandise for resa z on aceount from Culver Corporation. The saling price of tha goods is $5,210, and
On Octaber 5 , Pronghorn Corporation buys marchandise for resa z on aceount from Culver Corporation. The saling price of tha goods is $5,210, and the cost to Culver Company is $3,250. On October 8, Prongharn returns defactive goods with a selling price of $670 and a cost of $250. It is anticipatad that thess goods can be resoid at a discount at same point in the future for at least their coct of $250, if not more. Both companiss use a periadic inventocy system
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