Cullumber Production Ltd$.$ is a Vancouver$-$based furniture manufacturer. The company reported the following information on its trial balanCULLUMBER PRODUCTIONS LIMITED

Trial Balance

November $30,2021$ce for $11$ months of the year ended November $30,2021.$ Cullumber reported the following transactions for the month of December. The company uses a perpetual inventory systems and owned $10,000$ units of inventory on December $1.$

Dec. $1$ Received $$311,370$ on account from a major customer.

$1$ Paid $$14,460$ in rent for the month of December.

$4$ Paid $$352,950$ owing to a supplier from a purchase made in November.

$6$ Sold $4,500$ units of merchandise to a Canadian furniture retailer for $$2,101,500$ on credit, FOB shipping point.

$15$ Purchased $5,680$ units of merchandise from a supplier at a cost of $$295$ per unit on credit, FOB shipping point.

$18$ Paid salaries of $$130,800.$

$21$ Sold $7,470$ units of merchandise for $$3,525,840$ on account, FOB shipping point.

$24$ Paid $$32,200$ for advertising expenses incurred in the month.

$27$ Purchased $5,420$ units of inventory from a supplier at a cost of $$272$ per unit on credit, FOB shipping point.