TB MC Qu. 8-44 (Algo) 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 $92,000 to Ski Outfit and pays shipping costs of $16,400. By the end of the year, $72,000 of the inventory has been sold to customers for a total of $97,000. Mogul allocates $12,000 of the shipping costs to inventory sold and the other $4,400 to inventory not sold. Mogul also paid advertising costs during the year of $16,000. What amount of inventory will Mogul report at year end? Multiple Choice $24,400 $20,000 $44,40O $60,400