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Mogul Company ships inventory to Ski Outfit in a consignment arrangement. The arrangement specifies that...

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Accounting

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Mogul Company ships inventory to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attempt to sell the inventory, and in return, Mogul will pay to Ski Outfit a 20% sales commission on any imventory sold. During the year, Mogul ships inventory with a cost of $125,000 to Siki Outfit. By the end of the year, $96.000 of the inventory has been sold to customers for a total of $131,800. What amount of inventory will Mogul report at year end? Multiple Cholce 50 $29,000 $6,800 $25.000

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