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What amount of inventory will armada report at year end

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Question - Armada Skis in Park City ships merchandise to Alpine Sports in Ogden on a consignment arrangement.

The arrangement specifies that Alpine Sports will attempt to sell the merchandise, and in return, Armada will pay to them a 25% sales commission on any merchandise sold.

During the year, Armada ships inventory with a cost of $112,500 to Alpine Sports.

By the end of the year, $86,000 of the merchandise has been sold to customers for a total of $118,800.

What amount of inventory will Armada report at year end?

Reference no: EM133080754

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