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Sporti Goods Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attempt to sell the merchandise, and

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Sporti Goods 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, Sport Goods will pay to Ski Outfit a 15% sales commission on any merchandise sold. During the year, Sporti Goods ships laventory with a cost of $85,000 to Ski Outfit. By the end of the year. $64,000 of the merchandise has been sold to customers for a total of $90,200. What amount of inventory will Sport Goods report at year end? Multiple Choice 521000 55.00 5050

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