ignment Question 4 of 6 1.0573 1!! Show Attempt History Current Attempt in Progress Cullumber Company has a July 31 fiscal year end and uses a perpetual inventory system. The records of Cullumber Company show the following data: 2021 2020 2019 Income statement: Sales Cost of goods sold Operating expenses Balance sheet: Merchandise inventory $350,000 245.000 70,000 $325,000 230,000 70,000 $360,000 275,000 70,000 54.000 46.000 35.000 After its July 31, 2021. year end. Cullumber discovered two errors At July 31, 2020, Cullumber had $10.000 of goods held on consignment at another company that were not included in the physical count In July 2020, Cullumber recorded a $15.000 inventory purchase on account that should have been recorded in August 1 2 2020 -archi c C 6 Chapter 6 Assignment Question 6 of 6