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Mogul Company ships inventory to Ski Outfit in a consignment arrangement....

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Accounting

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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 25% sales commission on any inventory sold. During the year, Mogul ships inventory with a cost of $82,500 to Ski Outfit. By the end of the year, $62,000 of the inventory has teen sold to customers for a total of $87,600. What amount of inventory will Mogul report at year end? Multiple Choice 50 $20,625 $5,100 $20,500

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