Question: A large art gallery has in inventory more than 100 paintings. No two are alike. The least expensive is priced at more than $1,000 and

A large art gallery has in inventory more than 100 paintings. No two are alike. The least expensive is priced at more than $1,000 and the higher-priced items carry prices of $100,000 and more. Which of the four methods of inventory valuation discussed in this chapter would you consider to be most appropriate for this business? Give reasons for your answer.

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