3) 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. [4pts] (pp348,352,359)

3) 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 REASON S for your answer. [4pts] (pp348,352,359)