5 Part 3 of 3 Required information [The following information applies to the questions displayed below? During the year, TRC Corporation has the following inventory transactions, points Unit Date Transaction Number of Units Cost Total Cost Jen. 1 Beginning inventory 60 $52 $3,120 Apr. 7 Purchase 140 7,560 Jul.16 Purchase 210 57 11.970 00:42:46 Oct. 6 Purchase 120 58 6,960 530 $29,610 ellook For the entire year, the company sells 450 units of inventory for $70 each Hall 4. Determine which method will result in higher profitability when inventory costs are rising A Prine Multiple Choice References Weighted average LIFO FIFO