Current Attempt in Progress 1. Cullumber Company sells TVs. The perpetual inventory was stated as $37,100 on the books at December 31, 2020. At the close of the year, a new approach for compiling inventory was used and apparently a satisfactory cut-off for preparation of financial statements was not made. Some events that occurred are as follows. TVs shipped to a customer January 2, 2021, costing $5.400 were included in inventory at December 31, 2020. The sale was recorded in 2021. TVs costing $15,300 received December 30, 2020. were recorded as received on January 2, 2021. TVs received during 2020 costing $4.100 were recorded twice in the inventory account TVs shipped to a customer December 28, 2020. f.o.b. shipping point which cost $10,900, were not received by the customer until January, 2021. The TVs were included in the ending inventory. TVs on hand that cost $6.700 were never recorded on the books. 2. 3. 4. 5. Compute the correct inventory at December 31, 2020. Correct inventory $ Save for Later Attempts: 0 of 1 used Submit