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

Mogul Company ships inventory to Ski Outfit... 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 commission of 20% of the selling price on any inventory sold. During the year. Mogul ships inventory with a cost of $102,500 to Ski Outfit. By the end of the year, $78,000 of the inventory has been sold to customers for a total of $108,400.What amount of inventory will Mogul report at year end?

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