Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attempt to sell the merchandise, and in return, Mogul will pay to Ski Outfit a 25% sales commission on any merchandise sold. During the year, Mogul ships inventory with a cost of $120,000 to Ski Outfit. By the end of the year, $92,000 of the merchandise has been sold to customers for a total of $126,600. What amount of inventory will Mogul report at year end? Multiple Choice $6,600 $28.000. 90 $0. D