Solution-What amount of inventory will Mogul report at year

What amount of inventory will Mogul report at year end

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Question - 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 15% sales commission on any merchandise sold. During the year, Mogul ships inventory 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 Mogul report at year end?

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What amount of inventory will Mogul report at year end

Reference no: EM132484520

Reference no: EM132484520

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