CLULUI JUTUTUJE US -UL-123558271518 ... G google doc - Goo. Bottoms Fabletics What Are the Edu. Jerk pork belly wit... ork chicken drum. Acta 12900447320. ConnectClass... > Part 2 of 2 - Part 2 Use this fact set for Part 2: Questions 2.7: Three retailing giants, Best Buy Co., Inc. (NYSE: BBY) Amazon.com, Inc., (NASDAQ: AMZN), and Target Corporation (NYSE: TGT) each use a different inventory costing method. Best Buy uses weighted average cost, Amazon uses FIFO, and Target uses LIFO. As you will see from the hypothetical example below, the use of a different inventory costing method will lead to differences in income statements and balance sheets Best Buy, Amazon and Target sell a popular shirt for $33. Let's assume that all three companies have the same sale and inventory purchase pattern for the same period Beginning inventory: 30,000 @ $10.00 Purchases: 20,000 @ $15.00 Ending inventory: 10,000 0.7 Points Question 6 of 7 Which company has the highest gross profit (profitability) simply due to its choice of accounting inventory method? O A. Best Buy O B. Amazon OC. Target O D. Gross profit was the same for all of the companies, since they sold the same amount of shirts for the same price as well as they paid the same price for their inventory Reset Selection 835 AN O A po Be am