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 inventory sold. During the year, Mogul ships inventory with a cost of $80,000 to Ski Outfit. By the end of the year, $60,000 of the inventory has been sold to customers for a total of $85,000. What amount of inventory will Mogul report at year end? Multiple Choice $20,000 $5,000 $16,000 $0